Sun, Nov 22 2009
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Published November 02, 2009 08:42 am - Stocks gain at open ahead of manufacturing data SARA LEPRO AP Business Writer NEW YORK (AP) — Stocks are rising in early trading as investors await key reports on manufacturing and housing. A surprise profit from Ford Motor Co. is helping to support the early gains. Ford says deep cost cuts and the government's Cash for Clunkers rebates helped it earn nearly $1 billion in the third quarter. Investors are hoping a report on manufacturing activity shows continued improvement in the industry. The market will also get reports on pending home sales and construction spending Monday morning. News that CIT Group Inc. has filed for bankruptcy protection does not come as a big surprise. The Dow Jones industrials are up 38 at 9,751. The Standard & Poor's 500 index is up 6 at 1,042, and the Nasdaq composite index is up 2 at 2,047. 
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