U.S. stocks open higher to rebound off Monday's tepid trade
U.S. stocks opened firmly higher Tuesday as Wall Street tried to shake off yesterday's sluggish start to the week. The Dow Jones Industrial Average opened 108 points, or 0.6%, higher at 17,603, the S&P 500 index picked up 1` points, or 0.6%, to 2,059. Meanwhile, the Nasdaq Composite Index rose 27 points, or 0.6%, up at 4,793. Investors are awaiting a reading of new-home sales due at 10 a.m. Eastern Time as home-builder Toll Brothers posted quarterly profit and revenue that topped expectations. On Monday, the S&P 500 closed 0.2% lower, while the Dow and Nasdaq Composite both shed 0.1%, as Federal Reserve officials continued to signal that U.S. interest rates could rise as soon as next month.
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