Dow Jones jumps 620 points after US House passes Covid-19 relief plan

US stock indices opened higher on Monday, after the House of Representatives passed the Covid relief plan to support the economy, while concerns about the bond markets eased.

The yield of the US 10-year Treasury fell 1.4% on Monday, after rising to the highest level in a year of 1.6% on Friday.

US health authorities are continuing their efforts to contain the Covid-19 pandemic, especially after approving Johnson & Johnson's single-shot vaccine to people above 18.

As for stocks, Dow Jones rose 2% or 620 points to 31,551 as of 15:04 GMT, Nasdaq rose 1.7% or 230 points to 13,421, and S&P 500 rose 1.8% or 68 points to 3,880.