Wall Street opens higher after drop on Italian vote
NEW YORK (Reuters) - U.S. stocks rose on Tuesday, rebounding from the previous session's steep drop over Italian election results as investors bought beaten-down shares.
The Dow Jones industrial average was up 60.43 points, or 0.44 percent, at 13,844.60. The Standard & Poor's 500 Index was up 6.19 points, or 0.42 percent, at 1,494.04. The Nasdaq Composite Index was up 10.99 points, or 0.35 percent, at 3,127.24.
(Reporting By Angela Moon; Editing by Kenneth Barry)
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The recent market correction was overdue. A further correction would be an opportunity for those who missed the rally in the past few months. The markets could get a reality check next year and consolidate before the next big movement. I still believe PM Modi will not fritter away his mandate and deliver on his promise, albeit with a delay, writes Ambareesh Baliga. Article