New York: Wall Street stocks gained early Tuesday as a bounce in the embattled Turkish currency tempered worries about emerging economies.
About 10 minutes into trading, the Dow Jones Industrial Average was up 0.2 percent at 25,248.29.
The broad-based S&P 500 and tech-rich Nasdaq Composite Index both gained 0.3 percent, with the S&P at 2,831.47 and the Nasdaq at 7,845.85.
The Turkish lira partially recovered after two days of sharp declines amid a diplomatic spat between the US and Turkey, which sparked worries about emerging economies in general.
Shares of Home Depot dipped 0.7 percent as it raised its full-year forecast following better-than-expected earnings. Net earnings jumped 31.2 percent to $3.5 billion.
Tesla Motors was little changed after announcing that its board had appointed a special committee to formally consider Chief Executive Elon Musk’s proposal to take the company private.
Source: Brecorder
