Stocks begin holiday-shortened week in positive territory, investors await week’s key data
By Sara Lepro, APMonday, June 29, 2009
Stocks open higher ahead of week’s key data
NEW YORK — Investors are beginning a holiday-shortened week on a positive note.
Stocks are slightly higher in early trading Monday, following mixed moves in overseas markets. Stocks in Asia were lower, while European markets advanced.
Investors are also buying Treasurys and commodities.
This week, which is shortened by the Independence Day holiday on Friday, brings key data that will give investors a better sense of where the economy is headed.
Of particular importance is the government’s monthly employment report, due Thursday.
In the first few minutes of trading, the Dow Jones industrial average is up 21 to 8,459. The Standard & Poor’s 500 index is up 2 to 921, and the Nasdaq composite index is up 3 to 1,842.
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