Off the wire
• 1st LD-Writethru: President Xi calls for solid implementation of reform policies  • UK to boost cyber security with substantial investment  • Hurricane Matthew in Cuba causes over 2.5 bln USD in damage  • Kenya to disburse 10 mln USD in loans to coffee farmers  • Norway's oil sector cuts 40,000 jobs since early 2014  • Top legislator joins group deliberation in bimonthly session  • CCS opens office in Copenhagen, expands business in Nordic region  • Turkey, China sign 36 business deals  • Myanmar's Aung San Suu Kyi arrives in Japan for official visit  • 66 pct of South Sudan population living in poverty: World Bank survey  
You are here: 　 Home

U.S. stocks open higher

Xinhua, November 1, 2016 Adjust font size:

U.S. stocks opened mildly higher on Tuesday, the first trading day in November, as investors eyed the U.S. Federal Reserve monetary policy meeting.

The Federal Open Market Committee kicks off its two-day meeting on Tuesday. Investors are keeping a close eye on the central bank's November meeting for more clues on the timing of the next rate hike.

Analysts, however, widely hold that the Fed would keep interest rates unchanged.

On the economic front, the seasonally adjusted Markit Final U.S. Manufacturing Purchasing Managers' Index came in at 53.4 from the September's 51.5, slightly better than the earlier flash reading of 53.2.

In corporate news, Shares of Coach Inc. rallied over 5 percent Tuesday after the U.S. luxury retailer posted quarterly earnings before the open bell.

Shortly after the opening bell, the Dow Jones Industrial Average edged up 14.52 points, or 0.08 percent, to 18,156.94. The S&P 500 rose 2.92 points, or 0.14 percent, to 2,129.07. The Nasdaq Composite Index gained 9.01 points, or 0.17 percent, to 5,198.14.

U.S. stocks ended slightly lower after wavering between small gains and losses Monday. Endit