Wall Street rises at open after two-day drop NEW YORK (Reuters) - 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 .DJI gained 38.89 points, or 0.27 percent, to 14,490.95. The Standard & Poor's 500 Index .SPX rose 4.26 points, or 0.27 percent, to 1,556.36. The Nasdaq Composite Index .IXIC added 10.20 points, or 0.32 percent, to 3,247.79. Reporting by Chuck Mikolajczak; Editing by Bernadette Baum