Stocks Opened Higher Helped by Tech Shares

U.S. stocks opened higher on Tuesday, with tech shares leading a turnaround, after a steep trade-driven selloff gave major indexes their worst session in weeks. The Dow Jones Industrial Average lately rose 12.06 points, or 0.05%, to 24,264.86. The S&P 500 added 2.38 points, or 0.09%, to 2,719.45. The Nasdaq Composite gained 19.89 points, or 0.26%, to 7,551.90.

Oil futures rose Tuesday as uncertainty over Libyan crude exports overshadowed the weekend decision by OPEC and its allies to boost output in the second half of the year. West Texas Intermediate crude for August delivery rose 24 cents, or 0.4%, to $68.32 a barrel. September Brent crude rose 86 cents, or 1.2%, to $75.40 a barrel.

Home prices in the U.S. continued to climb in April but at a slower pace. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 6.4% annual gain in April, down from 6.5% from a month earlier.

Lennar Corp on Tuesday reported a better-than-expected quarterly profit as housing demand got a boost from a strengthening economy and job growth.Net income attributable to Lennar shareholders rose 45.2 percent to $310.3 million, or 94 cents per share, in the quarter ended May 31.