Stocks are opening higher on Wall Street Tuesday, led by a rebound in the highly volatile technology sector. The S&P 500 index rose 1.3% and the tech-heavy Nasdaq rose 2%. The Dow Jones Industrial Average was up 0.9%. Apple rose 1.8% and Microsoft added 2.3%. Several retailers were making big moves after reporting their latest quarterly results. Walmart sank 9% after reporting earnings that fell far short of what analysts were expecting. Home Depot rose after its results came in much better than expected. The yield on the 10-year Treasury note, a benchmark for mortgages, rose to 2.97%.
