Stocks Opened With a Gain

U.S. stocks began higher on Tuesday as a decline in the U.S. dollar propelled commodities upward and another report cast a positive light on the housing market. The Dow Jones Industrial Average lately rose 18.05 points, or 0.13%, to 13,576.97. The S&P 500 index added 1.80 points, or 0.12%, to 1,458.69. The Nasdaq Composite climbed 2.44 points, or 0.08%, to 3,163.22.

Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures. National home prices increased 1.2 percent in July, compared to the same month last year, according to the Standard & Poor’s/Case Shiller index released Tuesday. That’s the second straight year- over-year gain after two years without one.

Barnes & Noble Inc said on Tuesday it was launching a video streaming and download service this autumn for its Nook e-books and device business.Barnes & Noble, the largest U.S. bookstore chain, said its Nook Video service will allow shoppers to buy movies and television shows from HBO, owned by Time Warner Inc; Viacom Inc; Sony Pictures Home Entertainment and Walt Disney Studios.

Caterpillar Inc. (CAT) told analysts at a mining trade show in Las Vegas Monday that it expects earnings of $12 to $18 a share in 2015. The outlook is based on projected revenue of $80 billion to $100 billion for 2015.

Electric car maker Tesla Motors Inc (TSLA) on Tuesday cut its forecast for 2012 revenue, citing a slower-than-expected rollout of its Model S sedan. The company said in a regulatory filing that it now expects full-year revenue in the range of $400 million to $440 million, down from its prior outlook of $560 million to $600 million.

Staples is speeding up the closure of about 15 of its U.S. stores and plans to close 45 stores and some delivery businesses in Europe. The office products company also says it will invest more in its online and mobile efforts and will expand the product assortment that it offers to its business customers.






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