Stocks open higher as investors watch China, Fed

U.S. stocks opened higher Tuesday, after falling three of the past four sessions, as investors remain nervous about COVID-19 lockdowns in China and look for more clues to the pace and size of future rate increases by the Federal Reserve. Minutes of the Fed’s November meeting are due Wednesday. Trading conditions were expected to remain thin this week due to Thursday’s Thanksgiving Day holiday, when U.S. markets will be closed, followed by an abbreviated session on Friday. The Dow Jones Industrial Average rose 188 points, or 0.6%, while the S&P 500 was up 0.4% and the Nasdaq Composite ticked up 0.1%.

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