Wall Street moved higher, while the US dollar fell, as investors geared up for a flurry of corporate earnings including from banks and eyed talks from several Federal Reserve officials to gauge the odds of an interest rate increase this year.
In New York trading at about 2.25pm, the Dow Jones industrial average rose 0.2 per cent, the Standard & Poor's 500 Index eked out a 0.05 per cent gain, while the Nasdaq Composite Index added 0.15 per cent. Trading was a bit lighter than usual as Monday marked the Columbus Day federal holiday. The US bond market was closed.
"Earnings are now going to give investors a little more evidence of what's really going on," Andre Bakhos, managing director at Janlyn Capital in New Jersey, told Reuters.
This week offers results from companies including JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, General Electric, Intel and Netflix.
In the Dow, gains in shares of UnitedHealth and those of Visa, last up 2.4 per cent and 1.5 per cent respectively, outweighed slides in shares of Chevron and those of DuPont, last 1.5 per cent and 0.8 per cent weaker respectively.