Stocks inch up amid uncertainty about virus toll; oil falls

Market volatility continues

Stocks are opening higher on Wall Street Monday in more volatile trading as investors try to assess whether global authorities can do enough to nurse the economy through the damage caused by the coronavirus outbreak.

The S&P 500 rose 1% in early trading.

European markets were mixed after erasing earlier losses. Asian indexes also fell, but not nearly as much as they have in the brutal swings that have rocked investors over the last month.

The price of oil fell 6% to $20 a barrel, a level that is sure to cause more pain for the already battered energy industry.

Canada's main stock index was down in early trading to start the trading week as the price of oil moved lower, while U.S. stock markets were up.

The S&P/TSX composite index was down 56.86 points at 12,630.88.

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