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Stocks Open Sharply Higher After Worst Day Since 2008 Financial Crisis

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hollywoodreporter.com

U.S. stocks, oil and other financial markets around the world clawed back some of their historic plunge from a day before amid hopes that the U.S.

and other governments around the world will pump in more aid for a virus-weakened global economy. Investors welcomed Tuesday's reprieve but weren't pretending that this is the end to the market's huge swings, which took the S&P 500 on Monday to its worst day since the 2008 financial crisis.

Even Tuesday's big morning gains were tentative: After spurting to a gain of 3.7 percent, the S&P 500 quickly gave up more than half of it.

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