Stocks open largely higher amid mixed PMI data, ahead of Fed Chair Powell.

Stocks opened mostly higher on Tuesday as U.S. manufacturing PMI data came in lower than expected but remained in expansion territory. The report also noted weakness in the Eurozone and the UK. Several Federal Reserve officials spoke, with New York Fed president John Williams stating that a gradual rate cut path is likely. A number of major companies, including Micron Technologies, Worthington Enterprises, AAR Corp, and MillerKnoll, were set to report earnings after the market close, while Cintas Corporation, Uranium Energy Corp., and Thor Industries were slated to report tomorrow before the open. The U.S. Treasury was also auctioning 2-year notes, with a 5-year note auction scheduled for tomorrow.