US STOCKS-Indexes open higher on upgrades, oil drop

Newswire

(Updates to open) NEW YORK, June 25 (Reuters) - U.S. stocks rose after the open on Monday as positive broker comments on shares of General Motors Corp. and falling oil prices fueled a rebound from Friday's sharp losses. Investors are expected to seek direction from data on May existing home sales due at 10 a.m. (1400 GMT). The Dow Jones industrial average was up 42.35 points, or 0.32 percent, at 13,402.61. The Standard & Poor's 500 Index was up 2.43 points, or 0.16 percent, at ...

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