Wall Street revs up at the open

NEW YORK (CNNMoney.com) -- Stocks rose in early trade Tuesday after a turbulent session Monday as jittery investors awaited the latest reading on the health of the housing market and consumer confidence.

The Dow, Nasdaq and S&P all edged up in early trade after a rough trading day Monday which sent those gauges lower.

In another sign of trouble for the battered housing and home building market, No. 1 home builder Lennar (Charts, Fortune 500) reported an unexpected loss in its second quarter and warned of more losses and possibly tougher times ahead.

The Census Bureau is due to report on new home sales in May. Economists surveyed by Briefing.com forecast that the pace of sales fell once again in the month to an annual rate of 925,000 homes from a 981,000 annual pace in April, when sharply lower prices helped to spur an increase in sales

Also Wall Street waits for the latest consumer confidence survey from the Conference Board. Economists are forecasting that index will slip to 106 from a 108 reading in May.