US stocks edge higher in early trading

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Associated Press

Posted on December 24, 2013 at 10:00 AM

Updated Tuesday, Dec 24 at 11:03 AM

NEW YORK (AP) — Stocks are mostly higher in early trading on Wall Street after the government reported that American companies are investing in their businesses at the fastest pace since January.

The Dow Jones industrial average rose 36 points, or 0.2 percent, to 16,329 in the first few minutes of trading Tuesday.

The Standard & Poor's 500 index was up two points, or 0.1 percent, at 1,829. The Nasdaq composite was flat at 4,148.

U.S. markets will close early on Tuesday and will remain closed on Wednesday in observance of Christmas.

Tesla Motors jumped 7 percent after the electric car maker said that the National Highway Traffic Safety Administration reaffirmed the five-star safety rating of its Model S vehicle.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.96 percent.

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