Stocks open higher on Wall Street after deal on virus aid

National & World News

This photo provided by the New York Stock Exchange shows the unoccupied NYSE trading floor, closed temporarily for the first time in 228 years as a result of coronavirus concerns, Tuesday March 24, 2020. (Kearney Ferguson/NYSE via AP)

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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