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News » Money
May 21, 9:46 AM EDT

Indexes edge higher on Wall Street in early trading; eyes on Federal Reserve moves

Business Video
Latest Market News
Stocks turn higher after reassuring words from Fed official; Home Depot gains after earnings

Summary Box: Stocks turn higher after reassuring words from Fed official; Dow and S&P climb

Best Buy, Carnival, Saks, Beazer Homes, Clearwire are big market movers on Tuesday
Home Depot 1Q profit rises thanks to housing recovery; raises 2013 profit, revenue forecasts

Best Buy reports 1Q loss on restructuring costs, adjusted earnings beats expectations

UK luxury goods company Burberry's profit hit by end of perfume licensing deal
United Technologies CEO optimistic about improving economy, airline industry

Airlines losses narrowed in 1Q to $552M; lobbying group predicts pickup in summer travel
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Are Stocks Bouncing Back?

NEW YORK (AP) -- Stock indexes are edging higher in early trading on Wall Street as investors look ahead to the Federal Reserve's next moves.

The Dow Jones industrial average was up 54 points at 15,390 shortly after the opening bell Tuesday, a gain of 0.4 percent.

The Standard & Poor's 500 index was up four points at 1,670, or 0.2 percent. The Nasdaq composite was up three points at 3,499.

JPMorgan rose 77 cents or 1.5 percent to $53.04. Shareholders are voting on a measure that would split the roles of chairman and CEO.

Home Depot rose 3 percent, or $2.25, to $78.98 after the home improvement retailer reported an 18 percent increase in income for its first quarter as the housing market continued to recover.

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