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US stocks bounce as Turkish currency rises

Wall Street stocks gained early on Tuesday as a bounce in the embattled Turkish currency tempered worries about emerging economies.

About 10 minutes into trading, the Dow Jones Industrial Average was up 0.2% at 25 248.29.

The broad-based S&P 500 and tech-rich Nasdaq Composite Index both gained 0.3%, with the S&P at 2 831.47 and the Nasdaq at 7 845.85.

The Turkish lira partially recovered after two days of sharp declines amid a diplomatic spat between the US and Turkey, which sparked worries about emerging economies in general.

Shares of Home Depot dipped 0.7% as it raised its full-year forecast following better-than-expected earnings. Net earnings jumped 31.2% to $3.5bn.

Tesla Motors was little changed after announcing that its board had appointed a special committee to formally consider CEO Elon Musk's proposal to take the company private.

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