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Stocks battle to recoup losses from steepest drop since 1987 crash

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www.fox29.com

NEW YORK - U.S. equity markets opened higher Tuesday as investors tried to claw back some of their losses from the steepest one-day slide since the Black Monday crash of 1987.

The Dow Jones Industrial Average climbed by 403 points, or 2 percent, while the S&P 500 and Nasdaq Composite rose by 2.6 percent and 2.5 percent, respectively. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates. The early gains have the major averages on track to recoup a portion of the more than 12 percent drop that occurred Monday.

The selling pushed the benchmark S&P 500 nearly 30 percent below its Feb. 19 peak and ran the VIX, or fear index, to its highest level on record.

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