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US stocks edge higher in early trading

  • Article by: The Associated Press
  • Associated Press
  • August 29, 2014 - 8:45 AM

The U.S. stock market is opening slightly higher as a series of reports on the U.S. economy rolls out.

Consumer spending had its first decline since January, dipping 0.1 percent in July, as auto buying and income growth slowed. Other economic reports due Friday include a gauge of consumer sentiment.

European and Asian markets were mixed after news that Japan and Europe were struggling. Investors are watching the Ukraine conflict for signs of further escalation.

Avago Technologies jumped 11 percent after reporting earnings that beat analysts' estimates.

The Dow Jones industrial average rose 15 points, or 0.1 percent, to 17,093 as of 9:35 a.m. Eastern time. The Standard & Poor's 500 index rose three points, or 0.2 percent, to 2,000. The Nasdaq rose 12 points, or 0.3 percent, to 4,569.

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