July 8, 2013 in Nation/World

US stocks rise, extending last week’s gains

Associated Press
 

NEW YORK — The stock market is up in early trading as it builds on gains from last week’s encouraging jobs report.

The Dow Jones industrial average was up 76 points at 15,212 shortly after the market opened. The Standard & Poor’s 500 climbed seven points to 1,639. The Nasdaq was up 13 points to 3,492.

Stock indexes ended last week with a surge after the government reported that the economy added a stronger-than-expected 195,000 jobs in June.

This week, Wall Street turns its attention to the start of earnings season. Alcoa announces second-quarter results after the market closes Monday. Corporate America’s profit growth is expected to slow from a year ago.

Dell rose 2.3 percent in early, a day after Carl Icahn reiterated the benefits of his proposal for the company.

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