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S&P 500, Nasdaq open higher

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U.S. dollar index edges up, dollar up vs yen

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Nvidia ( NVDA ) shares bounce after recent losses

(Updates to 9:30 a.m. ET)

By Caroline Valetkevitch

NEW YORK, June 25 (Reuters) -

Global stock indexes were mostly higher on Tuesday, with

shares of Nvidia ( NVDA ) bouncing in early U.S. trading, while the

dollar edged up slightly against the the Japanese yen.

Nvidia ( NVDA ) shares were up more than 2% after

selling off in recent sessions. The S&P 500 and Nasdaq were also

higher in early trading.

Excitement over artificial intelligence has powered stocks

like Nvidia ( NVDA ) higher and helped to lift the U.S. stock market to

recent record highs, but it remains to be seen whether that will

continue, or for how long.

The chipmaker had rocketed higher to briefly become the

world's biggest company last week, but tumbled around 16 percent

from last Thursday's peak to this Monday's close.

"The question investors now need to ask is if the

sell-off has gone far enough since the stock (Nvidia ( NVDA )) is in

correction territory, or if this is a structural shift lower

that will weigh on the major U.S. indices and allow other

regions and indices to play catch up," said Kathleen Brooks,

research director at XTB.

Investors are also gearing up for data on the personal

consumption expenditures price index on Friday for further clues

on the inflation picutre and when the Federal Reserve might

begin cutting interest rates.

They also await snap elections in France starting at the

weekend and the first U.S. Presidential debate on Thursday.

The Dow Jones Industrial Average fell 82.82

points, or 0.21%, to 39,328.39, the S&P 500 gained 8.99

points, or 0.17%, to 5,456.86 and the Nasdaq Composite

added 72.99 points, or 0.42%, to 17,569.81.

The pan-European STOXX 600 index lost 0.44% and

MSCI's gauge of stocks across the globe gained

0.13%.

The yen was keeping traders alert for any signs of

further intervention from Japanese authorities to prop up the

currency as it traded just above a two-month low of around 160

to the dollar.

It hit a record low against the euro of 171.49 on

Monday as pressure on the currency mounted thanks to interest

rates in Japan that remain far lower than in the United States

and Europe.

The dollar was last up 0.06% at 159.68 yen,

holding to a tight range.

The dollar index rose 0.114%, with the euro

down 0.21% to $1.0709.

In Treasuries, benchmark 10-year notes were

up 0.2 basis points to 4.250%, from 4.248% late on Monday.

U.S. crude recently fell 0.21% to $81.46 per barrel

and Brent was at $85.84, down 0.2% on the day.