North American stocks opened slightly higher on Friday, in what is still the market’s worst month in three decades, as intervention by U.S. and Canadian policymakers finally seemed to stem the financial market panic over the novel coronavirus pandemic.
The Dow Jones Industrial Average rose 165.96 points, or 0.83 per cent, at the open to 20,253.15. The S&P 500 opened higher by 22.55 points, or 0.94 per cent, at 2,431.94, while the Nasdaq Composite gained 97.49 points, or 1.36 per cent, to 7,248.07 at the opening bell.
In Toronto, the benchmark S&P/TSX composite index was up 201.29 points to 12,372.00 at 9:50 a.m. ET.
The Canadian dollar was trading at 70.18 cents US compared to an average of 68.99 cents US on Thursday.
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