Stocks are opening higher on Wall Street as big technology companies like Apple claw back some of the ground they lost in a rout over the past two days.
The S&P 500 index picked up 8.04 points, or 0.3 percent, at 2,649.93. Eastern time. The Dow Jones Industrial Average sank 616 points, or 2.5 percent, to 24,400. The Nasdaq composite skidded 3 percent to 7,028.48. The Russell 2000 index of smaller-company stocks declined 30.99 points, or 2%, to 1,496.54. Stocks fell 2.2 percent on the Dow on Tuesday alone.
The Nasdaq is down 339.05 points, or 4.7 percent.
Bond prices fell. The yield on the 10-year Treasury note rose to 3.06 per cent from 3.04 per cent. Shares of Amazon.com Inc, Alphabet Inc and Facebook Inc rose more than 2 percent, while shares of Apple Inc edged up 0.6 percent.
All eyes were on Apple, whose shares were down 4.8 percent to close at $176.98, adding to previous losses amid reports of weakened iPhone demand.
Among individual stocks, Dow member Johnson & Johnson dropped 3.1 per cent after a U.S. appeals court refused to block sales of a generic version of its prostate cancer drug Zytiga.
Nissan's USA -listed shares slumped 6.1 percent after the carmaker's chairman, Carlos Ghosn, was arrested after allegedly under-reporting his income.
Phil Mickelson Loses $200K Putt In ‘The Match’; Watch Tiger Woods’ Reaction
Woods twice missed the green, and after Mickelson missed a 6-footer that would have won, he told Woods to pick up his 5-footer. Those side bets were to be paid to the respective players' charitable foundations with the players' own funds.
Stocks sank Monday as investors focused on simmering trade tension between Washington and Beijing after the two governments clashed at a weekend conference.
Japan's benchmark Nikkei 225 dropped 0.4 percent and the Kospi in South Korea was down 0.3 percent. The company said sales broke out of a slump and prices also rose. Heating oil gained 0.6 percent to $2.09 a gallon.
The slide weighed down tech stocks in general, which have been tumbling over the past month. Caterpillar fell 3.1 percent to $125.98 and Nike lost 3 percent to $72.52.
US crude rose 2.7 percent to $54.87 per barrel.
The only stocks that rose were utilities and other safe-play companies.
In Europe, Germany's DAX index lost 1.6 per cent and France's CAC 40 shed 1.2 per cent. London's FTSE 100 retreated 0.8 per cent. Silver added 1.6 per cent to $14.50 an ounce.
CURRENCIES: The dollar eased to 112.98 yen from 113.07 yen late Wednesday. The pound extended its gains to $1.2880 from $1.2879, on news that Britain and the European Union had reached a deal in principle on future relations. Gold gained 0.6 per cent to $1,228 an ounce. The euro strengthened to $1.1398 from $1.1383. The benchmark index is 9.9 percent below its September peak.