Wall Street opens higher as global markets remain unsettled [ABC News]
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Source: ABC News
NEW YORK -- Stocks climbed on Wall Street at the opening of trading Wednesday. Maybe this time it will last.A big gain for the S&P 500 suddenly vanished the day before, and trading remained unsettled around the world Wednesday. Asianstock marketThe S&P 500 was up 0.6% after the first 20 minutes of trading. The Dow Jones Industrial Average rose 170 points, or 0.7%, to 22,813 and the Nasdaq was up 0.6%.Markets have been incredibly volatile in recent weeks as investors blindly guess how badly the coronavirus outbreak will hurt corporate profits amid suffocating uncertainty. The economic damage is widespread, and France’s central bank said its economy entered a recession with a 6% drop in the first three months of the year.Countering that has been unprecedented aid from governments and central banks. Some investors are also pointing to nascent signs that infections and deaths may soon be peaking or plateauing in several hotspots around the world.Caught between those forces are investors,
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