US faces worst quarter 'since Great Depression', but markets rally - business live
by Graeme Wearden from on (#52Q9D)
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2.48pm BST
The S&P 500 index has also opened higher, gaining 17 points to 2,853 (up 0.6%).
As in Europe and Asia, shares are benefiting from hopes that some Covid-19 lockdowns will be eased in the coming weeks (despite the risk of a second spike in infections if policians move too early)
2.33pm BST
Wall Street has opened higher, despite the prospect of a sickening slump in growth this quarter.
The Dow Jones industrial average has gained 109 points, or 0.46%, to 23,884 as a new week's trading begins.
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