Amsterdam • World stock markets were mostly lower Tuesday, but U.S. stocks drifted higher on decent housing data.
U.S. stocks have enjoyed seven weeks of gains and hit all-time highs this week, driven by the Federal Reserve's easy monetary policy, signs of gradual improvement in the economy and rising company profits. But trading activity is thinning out this week due to the Thanksgiving holiday Thursday.
Data from the Commerce Department showed more applications to build new homes were issued in October than any time since before the 2008 crisis.
The Dow Jones Industrial Index opened 0.2 percent higher at 16,099.60 and the S&P 500 was up 0.1 percent at 1,804.82.