Stocks Opened Higher after Tech-led Slide

U.S. stocks opened higher on Tuesday, recovering from a technology driven selloff a day earlier that pushed the Dow and the S&P 500 below important technical levels amid renewed global trade concerns. The Dow Jones Industrial Average lately rose 100.93 points, or 0.43%, to 23,745.12. The S&P 500 gained 6.82 points, or 0.26%, to 2,588.70. The Nasdaq Composite added 18.57 points, or 0.27%, to 6,888.69.

Oil prices rose on Tuesday but remained under pressure amid heightening trade tensions between the U.S. and China. Brent crude was up 0.5% at $67.98 a barrel. West Texas Intermediate futures were trading up 0.5% at $63.35 a barrel.

Home prices picked up steam in the first few months of the year, according to a report out Tuesday. The Home Price Index from real estate data provider CoreLogic showed national yearly price growth of 6.7% in February. That’s up from a 6.1% annual price gain in the prior three months.

Tesla Inc. (TSLA) said Tuesday that it produced 34,494 vehicles in the first quarter, up 40% from a year ago, including 9,766 Model 3 cars. The company said it was able to double the weekly Model 3 production rate during the first quarter by addressing supply bottlenecks and taking time to upgrade equipment.