S&P 500 trades above 4,200 early Tuesday, and Dow sees modest rise as tech and consumer discretionary shares climb

U.S. stock benchmarks opened modestly higher Tuesday, with gains coming after Federal Reserve officials were seen easing concerns that rising inflation pressures would prompt policy makers to suddenly tighten monetary policy, while Treasury yields eased for a fourth session. The Dow Jones Industrial Average was up 0.2% at 34,459, the S&P 500 index climbed 0.3% to 4,210, while the Nasdaq Composite Index advanced 0.6% to around 13,737. In corporate news, shares of Lordstown Motors Corp. were down 17% after the electric-vehicle startup late Monday reported a wider quarterly loss and said it is seeking “additional capital” to fund itself.

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