Dow Jumps 200 Points Even As U.S. Reports Over 60,000 New Coronavirus Cases

Stocks rebounded slightly after a sell-off on Tuesday.

Stocks opened slightly higher on Wednesday as rallying tech shares helped offset investor concerns about the surge in coronavirus cases across the country derailing an economic recovery.The Dow Jones Industrial Average was up 0.7%, nearly 200 points, on Wednesday, while the S&P 500 rose 0.7% and the tech-heavy Nasdaq Composite gained 1.2%.

Facebook stock fell slightly after civil rights groups who met with CEO Mark Zuckerberg about the ongoing ad boycott called the talks “Shares of companies that would benefit from a reopening of the economy—including airlines, cruise stocks and some retailers—moved lower as many states continue to see a spike in new coronavirus infections.

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