The major futures indexes are indicating a decline of 1.3 percent when trading begins.
The Dow Jones Industrial Average rose over 469 points, or 2.2. percent.
The Dow Jones Industrial Average plunged 877 points, or 4 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite fell 3.7 percent and 3.08 percent, respectively.
Monday’s advance comes after President Trump on Sunday evening announced the extension of social distancing guidelines through at least April 30.
On Thursday, Wall Street appeared to shrug off miserable news on unemployment as the S&P 500 rose 6.2 percent, bringing its three-day rally to 17.6 percent.
U.S. equity markets rose Wednesday but gave up the bulk of the gains after Democratic lawmaker Sen. Bernie Sanders raised some concerns over the $2 trillion relief measure to provide aid to those most severely impacted by the COVID-19 pandemic.
The Dow Jones Industrial Average climbed 134 points, or 0.7 percent, while the S&P 500 and Nasdaq Composite rose 1.01 percent and 1.6 percent, respectively.
As the novel coronavirus global pandemic widens and worsens, the New York Stock Exchange is closing its iconic trading floor in Manhattan as well as two others and will move to fully electronic trading on Monday, March 23, its operator announced on Wednesday.
The U.S. economy is in a recession expected to last through September, according to a revised forecast released Monday by UCLA that reflects rapid changes brought on by the coronavirus.
Stocks are opening sharply higher on Wall Street a day after the worst drop since 1987.
U.S. equity markets were halted shortly after the opening bell when the S&P fell by 7 percent.
Stocks fell sharply on Wall Street Tuesday after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
The huge gains clawed back some of the ground lost in a massive sell-off that gave stocks their worst week since the financial crisis of 2008.
U.S. stocks fell sharply Friday and were on track for their worst week since October 2008 as the spreading coronavirus threatens to derail the global economy.
The virus outbreak has been shutting down industrial centers, emptying shops and severely crimping travel all over the world. More companies are warning investors that their finances will take a hit because of disruptions to supply chains and sales
The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.
Wall Street's opening follows global stock markets that also fell Thursday amid coronavirus concerns.
The Dow Jones showed steep losses Monday as the COVID-19 outbreak continues to spread globally.
The Dow Jones Industrial Average closed above 29,000 points for the first time, just two months after its first close above 28,000.
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