U.S. stocks open higher amid economic data, corporate earnings

U.S. stocks opened higher on Tuesday, as investor were digesting a batch of economic data and corporate earnings report.

The U.S. Consumer Price Index (CPI) for all urban consumers increased 0.2 percent in October on a seasonally adjusted basis, in line with market consensus, the Labor Department reported Tuesday.

The index for all items less food and energy (core CPI) rose 0.2 percent in October, the same increase as in September. The core CPI has risen 1.9 percent over the past 12 months.

U.S. industrial production declined 0.2 percent in October after decreasing the same amount in September, according to statistics from the Federal Reserve Tuesday.

Meanwhile, investors awaited the meeting minutes from the Federal Open Market Committee (FOMC) due out later this week. Traders will look for hints on the timing of interest rate hike from the U.S. central bank.

In corporate news, shares of Wal-Mart rose 2.47 percent in the early trading Tuesday after the retail giant reported quarterly profit that beat estimates.

The company' s quarterly diluted earnings per share from continuing operations were 1.03 U.S. dollars, benefited by approximately 4 cents from an adjustment for certain leases.

Shortly after the opening bell, the Dow Jones Industrial Average gained 18.58 points, or 0.11 percent, to 17,501.59. The S&P 500 inched up 0.64 points, or 0.03 percent, to 2,053.83. The Nasdaq Composite Index rose 5.41 points, or 0.11 percent, to 4,990.03.

U.S. stocks rebounded strongly on oil recovery Monday, following the terror attacks in Paris on Friday, as investors believed its impact on markets was limited. Endi