By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks began higher on Tuesday as a decline in the U.S. dollar propelled commodities upward and another report cast a positive light on the housing market.
“The dollar has turned south and the euro is gaining, so we’re seeing a boost in commodity prices, which should help equity markets,” said Peter Cardillo, chief market economist at Rockwell Global Capital.
The Dow Jones Industrial Average DJIA +0.40% gained 18.28 points, or 0.1%, to 13,577.20.
The S&P 500 index SPX +0.37% climbed 2.45 points to 1,459.35.
The Nasdaq Composite COMP +0.29% advanced 3.82 points to 3,164.60.
For every stock on the decline, two gained on the New York Stock Exchange, where 76 million shares traded.
Kate Gibson is a reporter for MarketWatch, based in New York.
