U.S. stocks open modestly higher after S&P 500’s three-week slide

U.S. stocks opened higher Monday, with the S&P 500 index up modestly as it attempts to recover from last week’s fall amid a rise in Treasury yields. The Dow Jones Industrial Average DJIA, +0.14% was up less than 0.1% soon after the opening bell, while the S&P 500 SPX, +0.51% gained 0.

3% and the Nasdaq Composite COMP, +0.88% rose 0.4%, according to FactSet data. Last week all three major stock indexes fell as a rise in Treasury rates hurt valuations. The yield on the 10-year Treasury note was up about seven basis points on Monday morning, trading at around 4.32%, according to FactSet data, at last check.

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