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Dow opens higher after worst day since 1987


U.S. stocks opened higher Tuesday after the Trump administration said it planned financial support for an airline industry devastated by a drop in travel caused by the coronavirus pandemic. 

The gains following the market’s worst sell-off in more than three decades on Monday.

The Dow Jones industrial average climbed 400 points and the Standard & Poor’s 500 added 2.2%. Both averages had their worst day since the “Black Monday” stock market crash of 1987 the prior day. 

Monday’s 12% drop for the S&P 500 came as voices from Wall Street and the White House warned the coronavirus may drag the economy into a recession.

Stock futures stabilized Monday evening following news that the Trump administration plans financial support for airlines stricken by the outbreak and is pushing the Senate to enact a massive stimulus package to alleviate losses for businesses and individuals affected by the outbreak, which has infected more than 182,000 people worldwide, 4,661 in the United States.



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