U.S. stocks ended slightly higher on Tuesday as higher commodity prices offset Home Depot’s disappointing earning outlook.
Retailers Home Depot Inc., Saks Inc. and Target Corp. reported better-than-expected third-quarter results but saying they remain cautious ahead of the holiday shopping season.
Shares of Home Depot, the largest U.S. home improvement retailer, was down more than 2 percent after the company lower its outlook, expecting sales to be down about 9 percent.
The Federal Reserve said production at the nation’s factories, mines and utilities rose 0.1 percent in October, less than the 0.4percent increase expected.
Meanwhile, the U.S. Labor Department said wholesale prices in the U.S. increased 0.3 percent in October, indicating inflation remained in check.
All the major indexes ended slightly higher at the closing as commodity stocks rose.
The Dow Jones was up 30.46, or 0.29 percent, to 10,437.42. The Standard & Poor’s 500 index rose 1.01, or 0.09 percent, to 1,110.31 and the Nasdaq was up 5.93, or 0.27 percent, to 2,203.78.
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