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U.S. stocks open higher following heavy sell-off

Xinhua, June 30, 2015 Adjust font size:

U.S. stocks opened higher on Tuesday, a day after their worst session of the year, as investors were assessing the impacts of the unfolding Greek debt crisis.

Greece will not repay the loan installment due to International Monetary Fund Tuesday, Greek Finance Minister Yanis Varoufakis said.

However, he expressed hope that a debt deal can be reached with international creditors.

The remarks were made amid media reports that in the past few hours Greece's dialogue with international creditors has resumed to achieve a last minute debt deal and avert a financial collapse and possible Grexit.

On the economic front, later in the morning U.S. consumer confidence index for June is due. The major report expected for the week is the nonfarm payrolls report on Thursday.

U.S. stocks suffered big losses on Monday, with the Nasdaq diving 2.40 percent, as the deterioration of the Greek debt crisis rattled market sentiment.

Shortly after the opening bell, the Dow Jones Industrial Average added 87.52 points, or 0.50 percent, to 17,683.87. The S&P 500 gained 12.28 points, or 0.60 percent, to 2,069.92. The Nasdaq Composite Index rose 39.60 points, or 0.80 percent, to 4,998.07. Endi