U.S. stocks opened firmly higher Tuesday as Wall Street tried to shake off yesterday's sluggish start to the week. The Dow Jones Industrial Average opened 108 points, or 0.6%, higher at 17,603, the S&P 500 index picked up 1` points, or 0.6%, to 2,059. Meanwhile, the Nasdaq Composite Index rose 27 points, or 0.6%, up at 4,793. Investors are awaiting a reading of new-home sales due at 10 a.m. Eastern Time as home-builder Toll Brothers posted quarterly profit and revenue that topped expectations. On Monday, the S&P 500 closed 0.2% lower, while the Dow and Nasdaq Composite both shed 0.1%, as Federal Reserve officials continued to signal that U.S. interest rates could rise as soon as next month.
Copyright © 2016 MarketWatch, Inc.
Continue Reading Below