Tuesday, 26 May 2020
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Stocks open higher, bouncing after the biggest one-day selloff since 2008

U.S. stocks saw a higher start on Tuesday amid hopes that government policymakers would unroll initiatives to ease pain among workers and businesses grappling with the economic blow from COVID-19.

The S&P 500 was up 3.5% to 2,843. The Dow Jones Industrial Average  advanced 925 points, or 3.9%, to 24,776. The Nasdaq Composite climbed 3.6% to 8,236.

President Donald Trump said late Monday the White House was looking at several initiatives to support businesses including payroll tax relief and other measures.

At the same time, the White House wasn't ready to roll out specific economic proposals, CNBC reported early Tuesday, citing administration officials.

Source : MarketWatch

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