Stocks Opened Higher ahead of Earnings

U.S. stocks opened higher on Tuesday with gains across sectors as investors looked ahead to the upcoming earnings season. The Dow Jones Industrial Average lately rose 28.66 points, or 0.13%, to 22,586.26. The S&P 500 gained 1.67 points, or 0.07%, to 2,530.79. The Nasdaq Composite added 11.62 points, or 0.18%, to 6,528.34.

Oil prices eased further on Tuesday as the rally that took Brent to a more-than-two-year high ran out of steam. West Texas Intermediate futures were trading down 0.2% at $50.46 a barrel. Brent crude eased 0.3% to $55.95 a barrel.

Shares in Tesla Inc fell 2.5 percent on Tuesday after the luxury electric vehicle maker said the planned ramp-up of its Model 3 mass-market sedan faced production bottlenecks. The production of 260 Model 3 sedans in the quarter was far below the 1,500 target and Tesla’s production goal of 5,000 a week by end of this year 2017 is at risk, Cowen and Co analysts wrote in a research note on Monday.