Friday, July 1, 2022
Homesmart lifeU.S. stocks open sharply higher in wake of S&P's worst week since...

U.S. stocks open sharply higher in wake of S&P's worst week since March 2020


U.S. stocks opened with sharp gains Tuesday, as investors returned from a three-day weekend honoring the Juneteenth holiday and after the S&P 500 had its worst week since March 2020. The Dow Jones Industrial Average
DJIA,
+1.72%
was up around 1.5%, while the S&P 500
SPX,
+2.41%
was trading 1.6% higher and the Nasdaq Composite
COMP,
+2.95%
was rising 1.7%, according to FactSet data, at last check. On Tuesday morning investors will see fresh economic data on existing home sales in May, amid concern that the odds of a recession are rising in the U.S.



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