US stocks open higher despite economic outlook

The major US stock indices rose on Tuesday, despite the continuing protests and riots in several US states, and negative economic outlook.

This comes amid the coronavirus crisis, and after the killing of an African-American citizen at the custody of the local police, which ignited state-wide protests and riots due to the incident's racist origins.

The Congressional Budget Office has stressed that the coronavirus economic impact will linger, likely for another 10 years, leading to a drop by 3% in the US GDP between 2020 and 2030, which equals about $8 trillion losses from the economy.

As for stocks, Dow Jones rose 0.7% or 150 points to 25,623 as of 14:15 GMT, and S&P 500 rose 0.2% or 7 points to 3,063, while Nasdaq fell 3 points to 9,543.