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Investing.com — U.S. stock markets opened the week higher, albeit in less frenetic style than has been the rule in recent sessions, amid bargain-hunting and hopes for rapid progress in finding effective treatments to contain the Covid-19 outbreak.
By 9:35 AM, the Dow Jones Industrial Average was up 201 points, or 0.9% at 21,678 points. The S&P 500 was up 0.9% and theNASDAQ Composite was up 1.2%.
The market took in its stride a sharp change in rhetoric on Sunday evening from President Donald Trump, who acknowledged the risk of up to 200,000 U.S. deaths from the virus, even under the measures taken so far to combat it.
Trump pushed back until the end of April the timeline for lifting the administration’s current guidance on social distancing, having earlier wanted the economy to be functioning as close as possible to normal by Easter (April 12).
