Wall Street's main indexes opened higher with the benchmark S&P 500 close to its intraday record high, ahead of the Federal Reserve's policy meeting starting on Tuesday, after data signaling a healthy consumer allayed worries of a sharp slowdown in the U.

BofA analyst Andrew Obin became the third new bull on GE Vernova stock in as many days. Shares are up about 75% since an April spinoff from GE Aerospace.

Rising U.S. stocks are around their record levels Tuesday following mixed reports on the U.S. economy that did little to change Wall Street’s expectations for a big incoming cut to interest rates. “This data isn’t going to decide the issue for the Fed,