Stocks Opened Higher after Three-day Skid

U.S. stocks opened with a modest gain on Tuesday, with equities partially recovered after a three-day drop for the Dow. The Dow Jones Industrial Average lately rose 60.70 points, or 0.27%, to 22,356.79. The S&P 500 added 5.69 points, or 0.23%, to 2,502.35. The Nasdaq Composite rose 25.70 points, or 0.40%, to 6,396.29.

Oil futures slipped Tuesday, pulling back from a sharp jump that was in part spurred by a threat from Turkey’s president to cut off oil exports from a Kurdish region of Iraq. U.S. crude futures slid 25 cents to $51.97 a barrel, after hitting a five-month high of $52.43. Brent crude futures fell 53 cents to $58.49 a barrel by 1211 GMT, having hit $59.49, the highest since July 2015 and more than 34 percent above the 2017 low.

Home prices climbed in July as economists anticipated. The S&P CoreLogic Case-Shiller U.S. National Price Index recorded a 5.9% annual gain, up from 5.8% in June.

Nvidia Corp. (NVDA) Chief Executive Jensen Huang announced Monday night that the company will be supplying its artificial intelligence-focused GPU hardware to several of China’s largest cloud-computing providers and server-hardware manufacturers, as well as new partnerships with server-hardware makers.