US stocks open higher after a two-day slump

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NEW YORK (AP) — Stocks are opening higher on Wall Street as the market shrugs off a two-day decline.

The Standard & Poor's 500 index rose 11 points, or 0.6 percent, to 1,868 in the first few minutes of trading Tuesday.

The Dow Jones industrial average rose 104 points, or 0.6 percent, to 16,379. The Nasdaq composite rose 29 points, or 0.7 percent, to 4,255.

Walgreen rose 5 percent after reporting its latest quarterly results. The company said it plans to close 76 stores in the second half of its fiscal year, a reversal of its previous strategy of increasing the number of store locations.

Bond prices fell. The yield on the 10-year Treasury note climbed to 2.75 percent from 2.73 percent late Monday.

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