Stocks Opened Higher Following Spain Report

U.S. stocks rose on Tuesday following a media report that Spain was ready to request a sovereign bailout from its euro-zone partners. The Dow Jones Industrial Average lately advanced 18.93 points, or 0.14%, to 13,534.04. The S&P 500 index climbed 4.41 points, or 0.31%%, to 1,448.90 and the Nasdaq Composite gained 12.35 points, or 0.40%, to 3,125.88. 

Spain is ready to request a euro zone bailout for its public finances as early as next weekend but Germany has signaled that it should hold off, European officials said on Monday.

A measure of U.S. home prices jumped 4.6 percent in August compared to a year ago, the largest year-over-year increase in more than six years. CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain.

A new study says the health care overhaul is poised to pour billions of dollars into an insurance industry thirsty for customers. The federal law aims to cover millions of uninsured people. It will take a major step toward that goal in 2014, when the government offers tax credits to help many Americans buy coverage through online exchanges. These exchanges will act as virtual marketplaces for customers to comparison shop for the right coverage.

A U.S. court removed a temporary sales ban against Samsung Electronics Co Ltd’s Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean company to sell the product in the United States.

A new study showing that immigrants founded one quarter of U.S. technology start-up companies could fuel calls to relax immigration rules ahead of next month’s U.S. presidential elections, where the economy and immigration are key issues.

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