1. U.S. stocks opened higher on Tuesday after data showed retail sales continued to rise in August but gains were capped by caution ahead of this week's Federal Reserve meeting.
The Dow Jones industrial average (DJI) rose 55.78 points, or 0.34 percent, to 16,426.74, the S&P 500 (SPX) gained 6.85 points, or 0.35 percent, to 1,959.88 and the Nasdaq composite (IXIC) added 12.33 points, or 0.26 percent, to 4,818.09.
2. The dollar edged higher against the other major currencies on Tuesday, despite the release of downbeat U.S. data, as investors continued to focus on the Federal Reserve's upcoming policy statement on Thursday.
3. U.S. consumer spending appeared to grow at a fairly healthy pace halfway through the third quarter, pointing to solid domestic demand that could persuade a cautious Federal Reserve to hike interest rates on Thursday.
Other data on Tuesday, however, showed manufacturing continuing to struggle under the weight of a strong dollar and softening global demand. Factory activity in New York State contracted in September for a second straight month.
4. Retail sales in the U.S. rose less-than-expected last month, official data showed on Tuesday. In a report, the Census Bureau said that retail sales rose to a seasonally adjusted 0.2%, from 0.7% in the preceding month whose figure was revised up from 0.6%. Analysts had expected retail sales to rise 0.3% last month.
5. U.S. manufacturing output contracted more than expected in August, dragged down by a sharp fall in auto production that could moderate economic growth in the third quarter.
American factories churned out 0.5 percent fewer goods last month, the Federal Reserve said on Tuesday.
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