The main US stock indexes opened higher on Tuesday, a day after their biggest drop since the 1987 crash, as efforts to contain the rapidly spreading coronavirus upended parts of the economy and dampened business sentiment.

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The Dow Jones Industrial Average rose 298.53 points, or 1.48 percent, at the open to 20,487.05.

The S&P 500 opened higher by 39.53 points, or 1.66 percent, at 2,425.66. The Nasdaq Composite gained 167.41 points, or 2.42 percent, to 7,072.00 at the opening bell.