Stocks Opened Lower Followed by More Fed Speakers

U.S. stocks opened lower on Tuesday, as investors shifted focus to how soon the Federal Reserve
may begin reducing stimulus. The Dow Jones Industrial Average lately was up 1.00 point, or 0.01%, to 15,784.10. The S&P 500 was down 2.23 points, or 0.13%, to 1,769.66. The Nasdaq Composite slid 5.08 points, or 0.13%, to 3,914.71.

There are three Federal Reserve officials speaking on Tuesday and one indicator, the NFIB survey
of small business sentiment for October.

Holiday shoppers are expected to spend about 3.9% more this year than they did last year,
according to a National Retail Federation estimate.

D.R. Horton Inc. (DHI) said Tuesday its fiscal fourth-quarter profit rose to $139.5 million, or 40
cents a share, from $100.1 million, or 30 cents a share, a year earlier. Homebuilding revenue
jumped 40% to $1.82 billion from $1.30 billion.

Dish Network Corp. (DISH) said on Tuesday it swung to a profit in the third quarter, with net
income of $315 million, or 68 cents a share, compared with a loss of $158 million, or 35 cents a
share, in the same period last year. Revenue climbed to $3.60 billion from $3.52 billion.

President Barack Obama is expected to nominate a senior Treasury official to the post of chairman
of the Commodity Futures Trading Commission on Tuesday.