UPDATE | US stocks rise, breaking 3-day slump

Major U.S. stock indexes on today were headed for their first gain after three straight losses.

Encouraging earnings from Domino's Pizza, Citigroup and others helped drive the modest rally, which began strong and tapered somewhat toward the end of the day. A rebound in airlines stocks also gave the market a lift. Meanwhile, oil prices plunged.

The Dow Jones industrial average rose 11 points, or 0.1 percent, to 16,334 as of 3:10 p.m. Eastern time. The Standard & Poor's 500 index added four points, or 0.2 percent, to 1,878. The Nasdaq gained 13 points, or 0.3 percent, to 4,226.

Stocks are coming off their worst week in more than two years. The Dow went negative for the year on Friday. A late-afternoon slide on Monday extended the market slump, sending the Dow 222 points lower. The Dow is now down 1.5 percent for 2014, while the S&P 500 index is up 1.7 percent.