The Chicago Entrepreneur

U.S. stocks open higher Tuesday as investors await consumer confidence data

U.S. stocks opened higher Tuesday, with all three major benchmarks attempting to bounce from the previous session. The Dow Jones Industrial Average was trading 0.5% higher soon after the opening bell, while the S&P 500 was up 0.4% and the Nasdaq Composite was advancing around 0.2%, according to FactSet data, at last check. Economic data released Tuesday showed the nation’s trade deficit in goods fell 2.2% in May, a second straight decline that could help lift gross domestic product in the second quarter. A reading on consumer confidence is due out at 10 a.m. Eastern Time.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post China cuts quarantine time for international travelers in big step toward easing Covid controls
Next post Dollar Tree CFO Wampler to leave company, while 4 other officers have already left