Wall Street rises at open after 2-day drop

NEW YORK (Reuters) - U.S. stocks opened higher on Tuesday after a two-day drop, helped by signs that the U.S. housing market recovery is gathering pace, as investors shrugged off developments in Cyprus that may lead the country into default.

The Dow Jones industrial average gained 38.89 points, or 0.27 percent, to 14,490.95. The Standard & Poor's 500 Index rose 4.26 points, or 0.27 percent, to 1,556.36. The Nasdaq Composite Index added 10.20 points, or 0.32 percent, to 3,247.79. (Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)