U.S. stocks opened sharply higher on Tuesday, shaking off fears over the deadly coronavirus. The Dow Jones Industrial Average lately rose 446.69 points, or 1.57%, to 28,846.50. The S&P 500 gained 45.02 points, or 1.39%, to 3,293.94. The Nasdaq Composite advanced 132.27 points, or 1.43%, to 9,405.67.
Oil futures headed higher Tuesday morning as investors bet that OPEC and its members will agree to deeper production cuts to stem a coronavirus-inspired tumble in the commodity that entered a bear market a day ago. West Texas Intermediate crude for March delivery was up 85 cents, or 1.7%, at $50.96 a barrel. April Brent crude picked up 46 cents, or 0.8%, at $54.91 a barrel.
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