US stocks rise, breaking a three-day slump
- Associated Press
- January 7, 2014 - 8:55 AM
NEW YORK — Stocks are opening higher on Wall Street after a three-day slump that marked the worst start to a year since 2005.
The Dow Jones industrial average was up 94 points, or 0.6 percent, to 16,521 in the first few minutes of trading Tuesday.
The Standard & Poor's 500 index was up eight points, or 0.5 percent, to 1,834. The Nasdaq composite was up 21 points, or 0.5 percent, at 4,134.
If the S&P 500 closes higher Monday it will be its first gain of the New Year.
Micron Technology rose 5 percent. The chip maker, one of the biggest gainers in the S&P 500 last year, reports earnings after the closing bell.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.95 percent.
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