US stocks rebound at the open from Monday’s rout

Beaten-down US stocks open solidly higher Tuesday on hopes that Washington lawmakers will agree on a massive stimulus package, while the G7 pledges to “do whatever is necessary” to restore growth.

About five minutes into trading, the Dow Jones Industrial Average was up 7.0 percent, or 1,300 points, at 19,890.77.

The broad-based S&P 500 gained 6.4 percent to 2,379.37, while the tech-rich Nasdaq Composite Index jumped 5.9 percent to 7,262.31.

AFP

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