Stocks open higher on Wall Street after deal on virus aid

National

(Kearney Ferguson/NYSE via AP)

NEW YORK (AP) – Stocks are opening higher on Wall Street after Congress and the White House reached a deal to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.

The Dow Jones Industrial Average rose 2%.

The gains came a day after the Dow had its biggest percentage gain since 1933.

Stocks have been falling sharply over the past month, erasing one-third of the value from some indexes, as widespread business shutdowns, travel restrictions and stay-at-home orders wreak havoc on the global economy.

Investors say market volatility is likely to continue both up and down until the severity of the outbreak eases.

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