Wall Street opens higher as banks jump

31 March 2009 @ 10:31 am EDT

Stocks rose at the open on Tuesday as positive developments in European financials helped bank shares and investors shrugged off a drop in home prices as having already been priced in to the markets.



The Wall Street sign is seen outside the New York Stock Exchange, March 26, 2009.
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U.S. home prices fell a record 19 percent in January.

The Dow Jones industrial average (.DJI) rose 75.90 points, or 1.01 percent, to 7,597.92. The Standard & Poor's 500 Index (.SPX) gained 8.36 points, or 1.06 percent, to 795.89. The Nasdaq Composite Index (.IXIC) added 22.27 points, or 1.48 percent, to 1,524.07.

Copyright 2009 Thomson Reuters. All rights reserved.

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