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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 John TrumpBiden says GOP senators have called to congratulate him Biden: Trump attending inauguration is 'of consequence' to the country Biden says family will avoid business conflicts 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 Randall MeadowsAlyssa Farah resigns as White House communications director Trump hits Barr over voter fraud remarks: 'He hasn't looked' Trump had tense meeting with Barr after statement DOJ found no widespread election fraud: reports 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.