U.S. stocks rebound at opening bell

After U.S. stocks' worst day in four years, the Dow Jones Industrial Average jumped more than 300 points shortly after the opening bell Tuesday. The sharp rebound "erases nearly all of yesterday's losses," Reuters reports. The recovery follows China's central bank's decision to cut its key interest rate to support growth.
At the closing bell Monday, stocks had risen from their more than 1,000-point drop in the morning, but still were down about 3.6 percent at 588 points. Analysts say stocks are expected to continue the upward climb throughout the day Tuesday.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
5 streetwise cartoons about defunding PBS
Cartoons Artists take on immigrant puppets, defense spending, and more
-
Dark chocolate macadamia cookies recipe
The Week Recommends These one-bowl cookies will melt in your mouth
-
Israel's plan to occupy Gaza
In Depth Operation Gideon's Chariots will see Israel sending thousands of troops into Gaza later this month to seize control of the strip
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
-
Los Angeles city workers stage 1-day walkout over labor conditions
Speed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billion
Speed Read
-
Bangladesh dealing with worst dengue fever outbreak on record
Speed Read
-
Glacial outburst flooding in Juneau destroys homes
Speed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creature
Speed Read