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Jan. 19, 2022, 9:33 a.m. EST

Stocks open modestly higher after Tuesday tumble

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By William Watts

Stocks opened higher Wednesday, taking back some of the ground lost in the previous session when the 10-year Treasury yield jumped to a two-year high. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.16% rose 123 points, or 0.3%, to 35,492, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.14% gained 0.4% to 4,595. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -2.58% was up 0.5% at 14,584. The tech-heavy Nasdaq on Tuesday led major indexes to the downside, dropping 2.6% and finishing below its 200-day moving average. Bank earnings appeared to help sentiment Wednesday, with shares of Bank of America Corp. /zigman2/quotes/200894270/composite BAC -1.00% and Morgan Stanley /zigman2/quotes/209104354/composite MS -0.81% rising after reporting results.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,830.37
-49.87 -0.16%
Volume: 243.23M
May 24, 2022 2:37p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,928.59
-45.16 -1.14%
Volume: 1.52B
May 24, 2022 2:37p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,237.21
-298.06 -2.58%
Volume: 2.82M
May 24, 2022 2:37p
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/zigman2/quotes/200894270/composite
US : U.S.: NYSE
$ 35.51
-0.36 -1.00%
Volume: 28.21M
May 24, 2022 2:37p
P/E Ratio
10.11
Dividend Yield
2.37%
Market Cap
$289.00 billion
Rev. per Employee
$465,510
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/zigman2/quotes/209104354/composite
US : U.S.: NYSE
$ 81.65
-0.66 -0.81%
Volume: 3.64M
May 24, 2022 2:36p
P/E Ratio
10.36
Dividend Yield
3.44%
Market Cap
$144.54 billion
Rev. per Employee
$804,863
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