U.S. stocks open slightly higher in rebound from recent drop

U.S. stocks opened with a modest gain on Tuesday, with equities partially recovered after a three-day drop for the Dow. The Dow Jones Industrial Average rose 25 points, or 0.1%, to 22,325. The S&P 500 added 3 points to 2,500, a gain of 0.1%. The Nasdaq Composite Index rose 23 points to 6,393, up 0.4%. All three remain close to record levels. Trading could be quiet as investors look ahead to fresh readings on the housing market and consumer confidence, as well as speeches from Federal Reserve chief Janet Yellen and three other U.S. central bankers. Market action could also be driven by any further developments in the tense geopolitical situation between the U.S. and North Korea. In company news, Red Hat Inc. rose 6.6% a day after it reported earnings that beat expectations.

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From:: Stock Market News

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