S&P 500 Hits Intraday Record As Producer Price Index Unexpectedly Jumps In October

U.S. stocks opened higher on Tuesday, with the S&P 500 hitting an intraday record, after wholesale costs in the U.S. unexpectedly rose last month. Wall Street also weighed separate news that Japanese Prime Minister Shinzo Abe announced a delay in a second sales tax hike after the country unexpectedly fell into recession.