Monday, March 5, 2012

Stocks open moderately higher ahead of earnings

Stocks are extending recent gains at the start of a busy week of earnings.

Major market indicators are slightly higher early Monday, getting a boost from European stocks, which jumped after Royal Philips Electronics issued a better-than-expected profit report.

Trading on Monday is expected to be fairly light as much of the U.S. observes the Columbus Day holiday. No major economic reports are scheduled and bond markets are closed.

A flurry of earnings reports, including ones from the nation's largest banks, will occupy the market's attention later in the week.

The Dow Jones industrials are up 37 at 9,902. The Standard & Poor's 500 …

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