Stocks open higher on US Steel, Amex earnings (AP)

Stocks extended their advance into a second session ahead of a reading on consumer confidence. The market also awaited the start of the Federal Reserve 's two-day meeting on interest rates.

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Even modest reports of earnings were a welcome reminder for investors that some companies are still able to make money despite the worst recession in decades. U.S. Steel, the largest U.S.-based steel producer, said its fourth-quarter earnings jumped as an acquisition boosted results. Meanwhile, American Express reported profits fell 79 percent in the final three months of 2008. The numbers weren't as weak as some investors had feared.

Full Story: Stocks open higher on US Steel, Amex earnings (AP)