NEW YORK (AP) — Stocks are opening higher on Wall Street as markets see somewhat calmer trading after a brutal week of swings.
Global stock markets and U.S. futures are up on hopes that government aid and central banks can shield the global economy against the rising impact of the coronavirus pandemic.
Indexes in London, Frankfurt, Shanghai and Hong Kong advanced Friday and U.S. futures were also higher.
Investors were encouraged after seeing more steps by the Federal Reserve and other central banks as well as governments to support credit markets and the economy. They are trying to reduce the impact of a global recession that forecasters say looks increasingly likely as the United States and other governments tighten travel controls, close businesses and tell consumers and travelers to stay home.