MW: Stocks open up as dollar dip helps commodities
By Kate Gibson
NEW YORK (MarketWatch) -- U.S. stocks began higher on Tuesday as a decline in the U.S. dollar propelled commodities upward and another report cast a positive light on the housing market. "The dollar has turned south and the euro is gaining, so we're seeing a boost in commodity prices, which should help equity markets," said Peter Cardillo, chief market economist at Rockwell Global Capital. The Dow Jones Industrial Average DJIA +0.14% rose 24.53 points, or 0.2%, to 13,583.4. The S&P 500 index SPX +0.17% added 3.29 points, or 0.2%, to 1,460.18. The Nasdaq Composite COMP +0.13% climbed 10.56 points, or 0.3%, to 3,171.34.
