Stocks are opening lower on Wall Street but with far less dramatic moves than the market has seen in recent days.
FILE - This Jan. 31, 2020 file photo shows a sign for Wall Street in New York. Stock markets were largely subdued Thursday, March 19, after days of massive volatility, as investors digested new financial support measures, including the European Central Bank's promise to funnel 750 billion euros into financial markets.
The S&P 500 was up 0.6% in morning trading after trimming an earlier loss of 3.3%. That would be a notable change in normal times, but the index has had eight straight days where it swung up or down between 4.9% and 12%. But central banks in Europe and the United States both also announced their latest efforts to support financial markets and the economy. The European Central Bank launched an expanded program to buy up to 750 billion euros in bonds to support the economy
European stocks rose early in their trading day, but the gains dissipated and major indexes were mostly lower. Asian markets also dropped following the brutal 5.1% loss for U.S. stocks the prior day.
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