Stocks open higher with Trump's health in spotlight

Stocks open higher with Trump's health in spotlight
© White House

Stock markets opened up early Monday, reversing their losses from Friday after President TrumpDonald TrumpRealClearPolitics reporter says Freedom Caucus shows how much GOP changed under Trump Jake Ellzey defeats Trump-backed candidate in Texas House runoff DOJ declines to back Mo Brooks's defense against Swalwell's Capitol riot lawsuit MORE was diagnosed with COVID-19.

The Dow Jones Industrial Average opened up 250 points, or 0.9 percent, and the S&P 500 was up 30 points, or 0.9 percent.

Stock futures were already headed for a higher open when White House chief of staff Mark MeadowsMark MeadowsWashington Post calls on Democrats to subpoena Kushner, Ivanka Trump, Meadows for testimony on Jan. 6 Trump to Pence on Jan. 6: 'You don't have the courage' Trump said whoever leaked information about stay in White House bunker should be 'executed,' author claims MORE told Fox News that Trump and his team would decide whether to discharge the president from Walter Reed Medical Center later Monday. Trump's physician indicated over the weekend that the president could be released as soon as Monday.

The optimism in the markets also comes as both Trump and Meadows have pushed publicly for a deal with Democrats on a new COVID-19 relief bill, which would inject upward of $1 trillion into the economy.

Democrats and Republicans remain hundreds of billions of dollars apart in their offers.