REUTERS: Wall Street's major indexes were set to open higher on Tuesday as upbeat data from China revived optimism around an economic rebound, while investors looked for more stimulus from the Federal Reserve as the central bank kicks off a two-day meeting.
"The market is getting a tailwind from expectations the Fed will continue to keep interest rates historically low," said Sam Stovall, chief investment strategist at CFRA in New York. U.S. stocks rebounded sharply on an active merger Monday, with signs of progress in developing a coronavirus vaccine also boosting demand for risk assets.On Tuesday, data showed China's industrial output accelerated the most in eight months in August, while the country's retail sales grew for the first time this year, lifting Asian and European stocks.Among stocks, Apple Inc rose 1.
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