Investing.com - U.S. stocks opened higher on Tuesday, after data showed that U.S. house prices rose less-than-expected in May, as markets awaited the outcome of the Federal Reserve's two-day policy meeting.
During early U.S. trade, the Dow Jones Industrial Average rose 0.32%, the S&P 500 index added 0.30%, while the Nasdaq Composite index advanced 0.37%.
Data showed that the Standard & Poor's/Case-Shiller Composite-20 house price index rose to an annualized rate of 12.2% in May, from 12.1% the previous month, compared to expectations for an increase to 12.4%.
The data came as markets were jittery ahead of the Fed's upcoming policy meeting, after recent U.S. economic reports fuelled uncertainty over whether the central bank will soon begin to scale back its bond-buying program.
U.S. drugmaker Pfizer rallied 1.25%, after the company posted quarterly results slightly higher than market expectations.
Also in earmings news, Sprint surged 3.14%, despite reporting a wider-than-predicted loss after the wireless carrier shut down its Nextel network and lost more than 1 million monthly subscribers.
On the downside, U.S.-traded BP shares plummeted 3.22%, after the oil and gas major posted a second-quarter profit that missed analysts' expectations, and warned that its USD20 billion oil-spill compensation fund has almost run out.
Elsewhere, U.S. lenders were broadly higher, with JP Morgan adding 0.16% and Bank of America rising 0.31%, while Citigroup gained 0.29%.
Bloomberg reported earlier that JP Morgan has been accused by the U.S. Federal Energy Regulatory Commission of manipulating power markets in California and the Midwest.
Other stocks likely to be in focus included Amgen, Aflac, Symantec and Take Two Interactive, all scheduled to post results after the closing bell.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 climbed 0.63%, France’s CAC 40 gained 0.48%, Germany's DAX added 0.27%, while Britain's FTSE 100 edged up 0.19%.
During the Asian trading session, Hong Kong's Hang Seng Index climbed 0.48%, while Japan’s Nikkei 225 Index rallied 1.53%.
Later in the day, the Conference Board was to release a report on U.S. consumer confidence.
During early U.S. trade, the Dow Jones Industrial Average rose 0.32%, the S&P 500 index added 0.30%, while the Nasdaq Composite index advanced 0.37%.
Data showed that the Standard & Poor's/Case-Shiller Composite-20 house price index rose to an annualized rate of 12.2% in May, from 12.1% the previous month, compared to expectations for an increase to 12.4%.
The data came as markets were jittery ahead of the Fed's upcoming policy meeting, after recent U.S. economic reports fuelled uncertainty over whether the central bank will soon begin to scale back its bond-buying program.
U.S. drugmaker Pfizer rallied 1.25%, after the company posted quarterly results slightly higher than market expectations.
Also in earmings news, Sprint surged 3.14%, despite reporting a wider-than-predicted loss after the wireless carrier shut down its Nextel network and lost more than 1 million monthly subscribers.
On the downside, U.S.-traded BP shares plummeted 3.22%, after the oil and gas major posted a second-quarter profit that missed analysts' expectations, and warned that its USD20 billion oil-spill compensation fund has almost run out.
Elsewhere, U.S. lenders were broadly higher, with JP Morgan adding 0.16% and Bank of America rising 0.31%, while Citigroup gained 0.29%.
Bloomberg reported earlier that JP Morgan has been accused by the U.S. Federal Energy Regulatory Commission of manipulating power markets in California and the Midwest.
Other stocks likely to be in focus included Amgen, Aflac, Symantec and Take Two Interactive, all scheduled to post results after the closing bell.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 climbed 0.63%, France’s CAC 40 gained 0.48%, Germany's DAX added 0.27%, while Britain's FTSE 100 edged up 0.19%.
During the Asian trading session, Hong Kong's Hang Seng Index climbed 0.48%, while Japan’s Nikkei 225 Index rallied 1.53%.
Later in the day, the Conference Board was to release a report on U.S. consumer confidence.