New York, June 26 (IANS) US stocks opened higher Tuesday as data showed that home prices rose slightly in April.
The S&P/Case-Shiller Home price index, the leading measure of US home prices, showed that on average home prices increased by 1.3 percent in April for both the 10- and 20- City Composites, Xinhua reported.
As for eurozone concerns, Moody's Monday downgraded 28 Spanish banks' long-term debt and deposit ratings by one to four notches.
However, investors thought it was somehow too late and had already priced in by the market. Financial shares went up on the morning trading section Tuesday.
The Dow Jones industrial average gained 24.14 points, or 0.19 percent, at 12,526.80. The Standard & Poor's 500 was up 3.21 points, or 0.24 percent, to 1,316.93. The Nasdaq Composite Index rose 9.43 points, or 0.33 percent, to 2,845.47.
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