U.S. stocks opened higher on Tuesday following the Nasdaq's slump into correction territory after tech companies came under pressure amid talk of increased regulatory scrutiny.
The S&P 500 rose 0.7% to around 2,763. The Dow Jones Industrial Averageadvanced 225 points, or 0.9%, to 25,045. The Nasdaq Composite was up 1.2% to 7,419.
The Nasdaq fell 10% from its recent peak hit on May 3 at Monday following reports that U.S. regulators were opening the door to antitrust investigations into tech giants like Facebook Inc. and Google-parent Alphabet Inc. Equities look to take a breather from Monday's selloff, with investors citing the bullish trading to reports that Republican lawmakers will push back against President Donald Trump's threat to impose tariffs on Mexico.
Source : MarketWatch