U.S. stocks opened higher on Tuesday as investors returned from the New Year's Day holiday, kicking off 2023 with gains after major indexes logged their worst yearly performance since 2008. The Dow Jones Industrial Average DJIA, +0.
67% rose 56 points, or 0.2%, while the S&P 500 SPX, +0.97% gained 0.3% and the Nasdaq Composite jumped 0.7%. Treasury yields pulled back sharply to start the year, providing some breathing room for equities, particularly the hard-hit tech-related stocks.
Woooooo!! Welcome to the recession.
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