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Markets

US stocks open higher after Monday's rout

WASHINGTON : US stocks surged more than one percent on opening Tuesday following Monday's plunge, but within minutes
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By Imad Uddin
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WASHINGTON: US stocks surged more than one percent on opening Tuesday following Monday's plunge, but within minutes the gains fell off on profit-taking.

The Dow Jones Industrial Average added 9.99 points (0.09 percent) to 10,819.84 in the first 15 minutes of trade.

The broader S&P 500 rose 2.28 (0.20 percent) 1,121.74, while the tech-heavy Nasdaq Composite picked up 8.11 points (0.34 percent) to 2,365.80.

The slight rebound came after Monday's rout, the biggest plunge since the financial crisis of 2008.

The Dow lost 5.6 percent, the S&P 500 6.7 percent, and the Nasdaq 6.9 percent.

 

Copyright AFP (Agence France-Presse), 2011

 

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