U.S. stocks opened mixed on Tuesday as investors awaited major central banks's decisions later this week.
The Federal Reserve started a two-day monetary policy meeting on Tuesday. Investors hoped it would launch further monetary easing policies in the face of the European debt crisis and economic slowdown.
Meanwhile, the European Central Bank (ECB) will announce its monetary policy decisions on Thursday. It is widely expected that the bank will resume its bond purchasing program after ECB President Mario Draghi pledged to save the euro last week.
On the economic front, the U.S. personal income rose 0.5 percent in June, beating previous expectations of a 0.2 percent increase, while consumer spending kept unchanged.
Meanwhile, the S&P/Case-Shiller 20-city home price index rose 0.9 percent on a seasonally adjusted basis, topping expectations of a 0.5 percent increase.
Shortly after the opening bell, the Dow Jones industrial average lost 17.56 points, or 0.13 percent, to 13,055.45. The Standard & Poor's 500 was down 0.75 points, or 0.05 percent, to 1,384.55. The Nasdaq Composite Index rose 4.27 points, or 0.14 percent, to 2,950.11.
The Federal Reserve started a two-day monetary policy meeting on Tuesday. Investors hoped it would launch further monetary easing policies in the face of the European debt crisis and economic slowdown.
Meanwhile, the European Central Bank (ECB) will announce its monetary policy decisions on Thursday. It is widely expected that the bank will resume its bond purchasing program after ECB President Mario Draghi pledged to save the euro last week.
On the economic front, the U.S. personal income rose 0.5 percent in June, beating previous expectations of a 0.2 percent increase, while consumer spending kept unchanged.
Meanwhile, the S&P/Case-Shiller 20-city home price index rose 0.9 percent on a seasonally adjusted basis, topping expectations of a 0.5 percent increase.
Shortly after the opening bell, the Dow Jones industrial average lost 17.56 points, or 0.13 percent, to 13,055.45. The Standard & Poor's 500 was down 0.75 points, or 0.05 percent, to 1,384.55. The Nasdaq Composite Index rose 4.27 points, or 0.14 percent, to 2,950.11.
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