U.S. stock markets showed modest gains early Wednesday after two days of losses caused by concerns that the coronavirus could not be contained.
The Dow Jones Industrial Average was up 0.83% in early morning trading. The S&P 500 and Nasdaq composite were up 0.94% and 1.21%, respectively.
Stocks contributing to the jump in the markets are Visa and United Health with gains more than 1%, according to CNBC. Tech stocks have also made healthy gains: Microsoft was up 2.09%, Apple was up 1.29% and Amazon was up 1.14% in morning trading. Meanwhile, crude oil was down 0.26% and currently selling below $50, at $49.97 per barrel.
Global markets are down slightly, with London’s FTSE 100 Index down 0.37%, Germany’s DAX 30 down 0.26%, and France’s CAC 40 down 0.066% in afternoon day trading. New cases of the coronavirus have popped up in Europe, which is helping to cause a drop in those markets.
President Trump is scheduled to hold a 6 p.m. press conference on Wednesday about the coronavirus with Centers for Disease Control and Prevention officials at the White House.
