U.S. Stocks Open Higher After Global Market Selloff
U.S. stocks bounced higher Tuesday, chipping away at losses after fears about China’s property sector helped fuel a global selloff in stocks and commodities.
The Dow Jones Industrial Average was up more than 300 points, or 0.9%, in morning trading. The S&P 500 advanced 0.8% and the Nasdaq Composite rose 0.9% following their worst one-day pullback since May.
Markets started the week on a tumultuous note after worries about China Evergrande Group, which has the biggest debt burden of any publicly traded real-estate management or development company in the world, prompted a rush out...