U.S. Stocks Open Higher Ahead Of Fed Meeting

U.S. stocks opened slightly higher on Tuesday, as investors digested a slew of earnings reports as well as economic data. Weaker-than-expected economic reports sapped sentiment ahead of the opening bell. Government data showed orders for durable goods fell unexpectedly in September, while home prices edged up by less than forecast in August. Investors turn their attention to the two-day Federal Open Market Committee meeting that concludes on Wednesday, at which the Federal Reserve officials are widely expected to end the bond-buying stimulus program. The S&P 500 was up 8 points, or 0.4%, at 1,969.36. The Dow Jones Industrial Average jumped 70 points, or 0.4%, to 16,889.96. The Nasdaq Composite began the day up 22 points, or 0.5%, at 4,508.55.