New York (AP)
Stocks opened broadly higher on Wall Street Tuesday, clawing back some of the ground they lost in their worst weekly drop since early January. The S&P 500 was up 2%, but the benchmark indexes are still down 22% for the year. The Nasdaq and the DJIA were both up 2% in early trading today after the long weekend gave investors a chance to digest recent economic news.
Shares of Kellogg’s stock rose over 4% after the company announced that it would split into three companies. European markets were higher while Asian markets closed with mixed results overnight. Yields on 10-year Treasury products rose to 3.30%.
Source: AP News.
James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.