Buoyed by Biden, Dow Takes a Big Jump

Opens up more than 600 points

By Newser Editors and Wire Services

Posted Mar 4, 2020 8:43 AM CST

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Dow Opens Up 600+ Points — Trader Timothy Nick, left, and specialist Michael Pistillo work on the floor of the New York Stock Exchange, Tuesday, March 3, 2020. (AP Photo/Richard Drew)

Global stock markets turned higher Wednesday—and the Dow followed suit—extending days of volatility as investors weighed the economic impact of the coronavirus outbreak and Joe Biden's big gains in the Democratic primaries. "A higher probability of a more centrist Democrat candidate has provided some comfort” for investors, a strategist with JP Morgan Asset Management tells the Wall Street Journal. The Dow opened up more than 600 points and quickly rose another 100 points before sinking slightly. As of 9:35am, it was trading up 540 points, a gain of about 2%.

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