Stocks open higher as Wall Street looks to recover from previous day’s selloff

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U.S. stocks traded modestly higher at the start of Tuesday’s trade as Wall Street looked to claw back losses from Monday, amid concerns equities would face a tough slog for the rest of the year. The S&P 500 rose 0.5% to 3,298. The Nasdaq Composite was up 0.7% to 10,851. The Dow Jones Industrial Average added 50 points, or 0.2%, to 27,197. In the past few weeks, highflying technology stocks have come under pressure. But these shares were gaining ground again relative to stocks in more economically sensitive industries, suggesting investors still remain uncertain over the U.S. economic landscape. Shares of electric car maker Tesla Inc. were down more than 4% ahead of the company’s “battery day.”
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