Wall Street turns positive after opening down, Dow up 0.5%

Wall Street indices enter positive territory in mid-morning trading, recovering ground after another negative open amid evidence of the growing economic disruption from the coronavirus.

The Down Jones Industrial Average is up 0.5 percent at 20,005.47, crossing the symbolic 20,000 point mark.

The recovery comes after the US Federal Reserve moved to inject liquidity into money market mutual funds and Treasury Secretary Steven Mnuchin said the country is ready to take on more debt to counteract the outbreak.

The tech-rich Nasdaq is up 2.6 percent at 7,171.38 and the broad-based S&P 500 has climbed by 0.8 percent to 2,417.36.

— AFP