Investing.com - U.S. stocks opened mixed on Tuesday, after positive U.S. housing data as markets were jittery ahead of the Federal Reserve's monthly policy statement and a number of key U.S. economic reports.
During early U.S. trade, the Dow Jones Industrial Average edged up 0.07%, the S&P 500 index dipped 0.02%, while the Nasdaq Composite index retreated 0.33%.
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 5.5% in November from a year earlier, increasing for the eighth consecutive month, broadly in line with market expectations.
U.S. home prices in October rose by a revised 4.2%.
But investors remained cautious ahead of a number of significant U.S. economic events later in the week, including data on fourth quarter growth and the Federal Reserve’s monetary policy statement on Wednesday, as well as Friday’s U.S. nonfarm payrolls data.
Among earnings, Pfizer reported profit that beat analysts' expectations, sending shares up 1.15%.
In the same sector, Eli Lilly saw shares climb 0.85% after saying its profit fell to 74 cents per share but was still ahead of expectations.
Separately, Bloomberg reported that Johnson & Johnson failed its own safety test in designing an all-metal hip implant and then changed the protocol instead of fixing the flaw, according to a testimony in the first of 10,000 lawsuits to go to trial. Shares in the company were up 0.16%.
Yahoo added to gains, rallying 1.28%, as the Internet company reported higher-than-expected fourth-quarter profit.
Financial stocks also trended mostly higher, as shares in JP Morgan added 0.13% and Goldman Sachs rose 0.29%, while Bank of America advanced 0.70%. Citigroup underperformed on the other hand, dipping 0.01%.
Elsewhere, Lockheed Martin edged up 0.20% after Pentagon and industry officials said on Monday a manufacturing problem was the most likely cause of an engine failure that led to the grounding of all 25 Marine Corps versions of the firm's F-35 fighter jet 10 days ago.
On the downside, Ford Motor reported profit that easily topped estimates but forecast a wider loss in Europe because of the recession there, sending shares plunging 3.34%.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 slid 0.29%, France’s CAC 40 fell 0.29%, Germany's DAX eased 0.10%, while Britain's FTSE 100 rose 0.22%.
During the Asian trading session, Hong Kong's Hang Seng Index dipped 0.07%, while Japan’s Nikkei 225 Index rose 0.39%.
Later in the day, the U.S. was to release a report on consumer confidence.
During early U.S. trade, the Dow Jones Industrial Average edged up 0.07%, the S&P 500 index dipped 0.02%, while the Nasdaq Composite index retreated 0.33%.
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 5.5% in November from a year earlier, increasing for the eighth consecutive month, broadly in line with market expectations.
U.S. home prices in October rose by a revised 4.2%.
But investors remained cautious ahead of a number of significant U.S. economic events later in the week, including data on fourth quarter growth and the Federal Reserve’s monetary policy statement on Wednesday, as well as Friday’s U.S. nonfarm payrolls data.
Among earnings, Pfizer reported profit that beat analysts' expectations, sending shares up 1.15%.
In the same sector, Eli Lilly saw shares climb 0.85% after saying its profit fell to 74 cents per share but was still ahead of expectations.
Separately, Bloomberg reported that Johnson & Johnson failed its own safety test in designing an all-metal hip implant and then changed the protocol instead of fixing the flaw, according to a testimony in the first of 10,000 lawsuits to go to trial. Shares in the company were up 0.16%.
Yahoo added to gains, rallying 1.28%, as the Internet company reported higher-than-expected fourth-quarter profit.
Financial stocks also trended mostly higher, as shares in JP Morgan added 0.13% and Goldman Sachs rose 0.29%, while Bank of America advanced 0.70%. Citigroup underperformed on the other hand, dipping 0.01%.
Elsewhere, Lockheed Martin edged up 0.20% after Pentagon and industry officials said on Monday a manufacturing problem was the most likely cause of an engine failure that led to the grounding of all 25 Marine Corps versions of the firm's F-35 fighter jet 10 days ago.
On the downside, Ford Motor reported profit that easily topped estimates but forecast a wider loss in Europe because of the recession there, sending shares plunging 3.34%.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 slid 0.29%, France’s CAC 40 fell 0.29%, Germany's DAX eased 0.10%, while Britain's FTSE 100 rose 0.22%.
During the Asian trading session, Hong Kong's Hang Seng Index dipped 0.07%, while Japan’s Nikkei 225 Index rose 0.39%.
Later in the day, the U.S. was to release a report on consumer confidence.