U.S. stock indexes opened modestly higher Tuesday, with investors trading a day after a broad selloff in the previous session took the S&P 500 below a key technical level and erased the Nasdaq's gains for the year. The Dow Jones Industrial Average DJIA, +0.87% rose 120 points, or 0.5%, at 23,766, the S&P 500 index SPX, +0.61% gained 11 points, or 0.4%, at 2,593, after the broad-market index closed below its 200-day moving average for the first time in about two years. Meanwhile, the Nasdaq Composite Index COMP, +0.47% traded up 0.5% at 6,904, after erasing its gains for 2018 and now showing a year-to-date decline of 0.5% as of Monday's close. In corporate news, Tesla Inc. TSLA, +5.90% could see heavy trade amid questions about the electric-car maker's ability to turn out as many Model 3 sedans as promised. On Monday, Monday's selloff was broad-based and deep. Looking ahead, music-streaming company Spotify Technology S.A. SPOT, +21.67% is set to make its debut as public company in the U.S. later Tuesday.
Read the full story: Stocks rebound modestly after huge tech-driven selloff; volatility expected to remain elevated