Stocks Opened Higher, Apple in Focus

U.S. stocks opened higher on Tuesday as Irma further weakened to a post-tropical cyclone, and ahead of the highly anticipated launch of Apple’s new iPhone. The Dow Jones Industrial Average lately rose 63.07 points, or 0.29%, to 22,120.44. The S&P 500 gained 5.21 points, or 0.21%, to 2,493.32. The Nasdaq Composite added 5.60 points, or 0.09%, to 6,437.87.

Oil prices rose for a second straight session on Tuesday, buoyed by the latest OPEC report that showed oil production from the cartel fell last month. West Texas Intermediate crude oil for October delivery gained 27 cents, or 0.6%, to $48.34 a barrel, while Brent oil for November added 36 cents, or 0.7%, to $54.20.

The U.K. plans to expand its probe into 21st Century Fox Inc.’s bid for pay-TV broadcaster Sky Plc, exposing Rupert Murdoch and his family to further scrutiny over governance at their media empire and adding to the uncertainty about the 11.7 billion-pound ($15.5 billion) deal.