Tuesday, February 18, 2014

U.S. stock gains muted by weak Empire State

NEW YORK (MarketWatch) — The U.S. stock market opened slightly higher on Tuesday after a weaker-than-expected manufacturing report in the New York state region showed more evidence of lost momentum in the economy. Investors are awaiting housing data due to be released at 10 a.m. Eastern. Markets were closed on Monday for Presidents’ Day holiday. The Dow Jones Industrial Average began the session 16 points, or 0.1%, lower at 16,134.49. The S&P 500 opened up 2 points at 1,840.86. The Nasdaq Composite opened up 12 points, or 0.3%, at 4,255.36, having closed at the highest level on Friday since July 2000.


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