The Dow, which through Monday had fallen almost 22 percent this year, was on track for its biggest quarterly decline since 1987.
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 surged Tuesday morning amid investor optimism that members of Congress will overcome their differences to reach a deal on a $1.6 trillion COVID-19 stimulus package.
Investors are beating down the bear as optimism returns to equities.
U.S. equity markets slid Monday after the Federal Reserve announced "extensive new measures" to support the U.S. economy.
The Dow Jones Industrial Average rose 189 points, reversing a drop of 721 points, or 3.6 percent, shortly after the open. The S&P 500 also posted modest gains.
The early selling comes as the Trump administration and Congress hammer out the details of a $1 trillion stimulus package.
U.S. equity markets opened higher Tuesday as investors tried to claw back some of their losses from the steepest one-day slide since the Black Monday crash of 1987.
U.S. equity futures plunged limit down after the Federal Reserve took emergency action on Sunday evening.
Stocks are opening sharply higher on Wall Street a day after the worst drop since 1987.
Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade.
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.
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.
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 climbed above 29,000 for the first time despite the December jobs report falling short of expectations. All three of the major averages were trading in record territory.
Critics of the high-end exercise equipment maker say the ad is sexist and classist.
Stock market - What's Your Point 2-11-18