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7/20, 3:31 PM (Source: TeleTrader)
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US opens higher following stock selloff

Major stock markets in the United States opened higher on Tuesday, as markets tried to recover from yesterday's stock selloff, which was prompted by fears of a resurgence of the coronavirus. Earnings season is well underway with Philip Morris, Halliburton, and IBM reported their quarterly earnings. At the same time, the latest data also showed that housing starts in the US increased in June.

Meanwhile, in other news, Apple is looking to expand its influence in Hollywood, Tesla's electric truck is finally slated to go into production, and Jeff Bezos' Blue Origin spaceflight had a successful launch.

The Dow Jones started 0.30% higher, led by IBM increasing 4.26%. The Nasdaq 100 opened 0.39% in the green, with Peloton rising 4.90%. The S&P 500 began 0.25% up, as HCA Healthcare surged 10.55%. The euro fell 0.34% against the dollar trading for $1.17585 at 9:32 am ET.

Breaking the News / OL