A 'Tentative Climb' at the Open for the Dow

Starts the day up 300 points
By Newser Editors,  Newser Staff
Posted Apr 8, 2020 8:52 AM CDT
Dow Opens Up 300
In this image provided by Meric Greenbaum, Greenbaum, a Designated Market Maker with IMC, who normally works on the New York Stock Exchange trading floor, works in his home office in Shelter Island, NY, Monday, April 6, 2020. Stocks around the world jumped Monday after some of the hardest-hit areas...   (Lucas Greenbaum/Courtesy Meric Greenbaum via AP)

Dr. Anthony Fauci offered words of encouragement on Wednesday, and the markets took notice. CNBC reports the Dow opened up 300 points, or 1.4% and just below 23,000, after Fauci indicated a coronavirus turnaround could come into play next week. The S&P 500 and Nasdaq both rose 1.3% at the start. But the deputy chief investment officer at Brooks Macdonald doesn't see a "shift in sentiment" yet, telling the Wall Street Journal "a vacuum of data" is driving volatility. The AP frames the open as a "tentative climb." (More Dow Jones stories.)

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