Stock markets open higher, reversing part of last week’s decline

Tuesday, June 21, 2022. Stocks rebounded on Tuesday with US markets higher after a long weekend.

New York (AP)

Stocks opened broadly higher on Wall Street on Tuesday, reclaiming some ground lost in their worst weekly decline since early January. The S&P 500 is up 2%, but benchmark indexes are still down 22% for the year. Both the Nasdaq and the Dow Jones Industrial Average rose 2% in early trading today after a long weekend gave investors a chance to take in the latest economic news.

Kellogg’s shares rose more than 4% after the company announced it would split into three companies. European markets were higher while Asian markets closed with mixed results overnight. Yields on 10-year Treasuries rose to 3.30%.

source: AP . news.

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