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Post by bot on Jun 7, 2016 22:24:10 GMT -5
U.S. stocks open higher; S&P 500 tries to surpass 7-month high
U.S. stocks opened modestly higher Tuesday, extending Monday's gains as Federal Reserve Chairwoman Janet Yellen's comments on Monday signaled a tentative plan to end accommodative monetary policy. The Dow Jones Industrial Average rose 53 points, or 0.3%, to 17,975, the S&P 500 index tacked on 2 points, or 0.1%, to 2,112, while the Nasdaq Composite Index opened little-changed at 4,969. Shortly before the opening bell, government data showed productivity of businesses and workers fell in the first quarter but by less than initially reported. Shares of Apple , up 0.9%, led early gains in blue-chip shares, while Ralph Lauren Corp.'s stock sank nearly 8% in early trade after the retailer announced a restructuring plan.
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