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.
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