NEW YORK (AP) – Stocks are moving tentatively higher in early trading on Wall Street Wednesday 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 is 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.
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