US stocks open higher for second session in a row

The Illinois-based Crystal Rock Capital Management has invested 8.37% in the stock.

Global stock markets were mostly higher on Tuesday as investors looked past last week’s attacks in Paris.

HIGHER PRICES: The Labor Department’s consumer price index rose 0.2 percent in October after falling the prior two months. No major surprise are expected from the industrial production and homebuilder sentiment surveys coming out a little later today, meaning that current market expectations of the first rate hike in about a month’s time remains on track.

However, there is momentum building in the USA housing market. The yield on the 10-year Treasury note rose held at 2.27 percent. Urban Outfitters net surged 10%.

The S&P 500 index showed 10 new 52-week highs and 16 new lows, while the Nasdaq recorded 46 new highs and 148 new lows.

Sales rose 5.1% at stores open for more than a year in the latest quarter, including 7.3% in the U.S. Analysts for Credit Suisse had expected same-store sales to rise 6% in the U.S. Home Depot said it saw broad-based growth across its geographies and product categories, with particularly strength in its do-it-yourself and pro customers. Its return on investment is now 25.80% and its debt to equity is now 2.24.

And Home Depot (HD) shares jumped more than 3 percent after the home-improvement retailer’s third-quarter earnings and revenue topped Wall Street forecasts.

Home Depot same-store sales rose 5.1 percent in the third quarter ended November 1, above the 4.6 percent growth expected by analysts polled by research firm Consensus Metrix.

The United States consumer price index rose 0.2 percent month on month in October, with key elements like health care and housing costs pushing higher in a potential sign of inflation picking up. The company has increased full-year earnings guidance to $5.36 beating analyst estimates of $5.32.

USA government bond prices rose.

Investors expect more stimulus from the European Central Bank after comments from Peter Praet, the ECB”s chief economist, reinforced the view that the bank will take action to boost the economy, in the environment of growing uncertainty”.

Greece achieved preliminary deal with its global lenders on home foreclosures reform, thus easing the stalemate in its bailout program. The company’s quarterly revenue was up 6.4% on a year-over-year basis. The contract climbed $1, or 2.5 percent, to close at $41.74 a barrel. McMillon also trumpeted the gains at Wal-Mart’s neighborhood market store format, which has posted positive comps for 19 straight quarters – including an 8% pop this quarter. The average purchase size increased as well, gaining 0.8 percent to $58.03.

The acquisition is part of the companys efforts to expand its reach in the Latin America and the Caribbean. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.