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US Stocks Open Higher on Optimism Over Plans to Fight Coronavirus

VOA News

   GU.S. stocks opened higher Friday on investor optimism that measures
   taken in the United States and elsewhere will stimulate world economies
   that have been weakened by the coronavirus pandemic.
   The Dow Jones Industrial Average opened 0.83% higher, while the S&P 500
   was up about 0.94%. Nasdaq Composite Index rose 1.3% at the open.
   The U.S. and other countries are rolling out economic stimulus packages
   to ease investor concern and to help prevent a global recession that
   some economists are predicting.
   U.S. Senate Republicans proposed a $1 trillion economic stimulus
   package Thursday, one day after the European Central Bank launched a
   $819 billion bond-buying program to protect the Eurozone economy from
   the impact of COVID-19.
   Asian and European markets closed higher on the last trading day of the
   week, but the gains fall far short of reversing massive declines over
   the past few weeks.

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