U.S. stocks open higher amid Fed speakers, Deutsche Bank concerns

U.S. stocks opened slightly higher on Tuesday, as investors awaited news on Deutsche Bank's settlement and digested remarks from U.S. Federal Reserve officials.

In Europe, shares of Deutsche Bank rose in the first trading day following a long weekend. The German lender saw a roller-coaster ride last week after Bloomberg reported that a group of hedge funds were reducing their exposure to the bank.

Deutsche Bank's U.S.-listed shares rallied nearly 2 percent in the early trading Tuesday.

Meanwhile, Wall Street focused on Fed speakers for more indications on the timing of the next interest rate hikes.

Richmond Fed President Jeffrey Lacker, a non-voting member of the Fed's policymaking committee, said there was a strong case to raise interest rates, according to Reuters.

Cleveland Fed President Loretta Mester said on Monday that the central bank should not delay raising rates.

Traders will keep a close eye on Friday's nonfarm jobs report this week for more clues on the central bank's next move.

Shortly after the Tuesday's opening bell, the Dow Jones Industrial Average gained 32.77 points, or 0.18 percent, to 18,286.62. The S&P 500 rose 2.38 points, or 0.11 percent, to 2,163.58. The Nasdaq Composite Index was up 15.08 points, or 0.28 percent, to 5,315.95.

U.S. stocks ended lower after wavering in a tight range Monday, as Wall Street digested economic data for more indications on the health of the country's economy. Endi