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Stocks rally as big banks kick off earnings season

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The COVID-19 pandemic has sparked widespread unemployment, but these companies are still hiring. NEW YORK - U.S.

equity markets rallied Tuesday as some of the country’s biggest banks kicked off earnings season. The Dow Jones Industrial Average gained 421 points, or 1.8 percent, in the opening minutes of trading.

The S&P 500 and Nasdaq Composite rose 1.7 percent and 1.8 percent, respectively. The early gains come after the S&P 500 lost 1 percent on Monday, coming off its best week since 1974. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates With financial reports for the first quarter just beginning, Wall Street analysts surveyed by FactSet expected S&P 500 earnings to fall 9 percent from a year ago, the

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