Stocks open higher as investors try to look past coronavirus

Wednesday, 8 April 2020 21:04 WIB

Saham AS


U.S. stocks traded higher at the start of Wednesday's session, one day after the largest intraday point loss for the Dow since 2008.

The Dow Jones Industrial Average % rose 230 points, or 1%, to trade around 22,851, the S&P 500 index gained 23 points, or 0.9% to 2,681 and the Nasdaq Composite index advanced 86 points, or 1.3% to 7,974. During Tuesday trade, the Dow suffered a more than 900 point drop from session highs to close slightly lower as uncertainty grew over the economic toll measures to combat the coronavirus epidemic, amid data that show the spread of the disease stabilizing in some parts of the U.S. and Europe.

Total U.S. deaths from the virus surged to more than 12,900, according to John's Hopkins University. Investors will look toward the release of minutes from the most recent Federal Reserve meeting at 2 p.m. Eastern Time, when the central bank's interest-rate setting board cut rates to near zero.

Source: Marketwatch


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