Stocks open higher on Wall Street after deal on virus aid

Market volatility still likely
Posted at 8:09 AM, Mar 25, 2020
and last updated 2020-03-25 10:09:51-04

NEW YORK (AP) — Stocks opened higher on Wall Street Wednesday morning after a deal on virus aid was reached.

Stocks moved tentatively higher in early trading after Congress and the White House reached a deal to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.

The S&P 500 was up slightly in the first few minutes of trading.

If the gain holds, it would be the first back-to-back increase for the index since the market's sell-off began last month.

The Dow rose 1%, a day after surging 11.4%.

Investors say market volatility is likely to continue both up and down until the number of new coronavirus cases peaks.