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Markets

US stocks rise ahead of earnings kickoff

Published Updated

 NEW YORK: US stocks managed modest gains Monday as Wall Street awaited the unofficial kickoff of the fourth-quarter earnings season and talks between France and Germany on Europe's debt crisis.

After slipping into negative territory in early trade, the Dow Jones Industrial Average was up 31.86 points (0.26 percent) to 12,391.78 in closing trade.

The S&P 500, a broader measure of the markets rose 2.77 points (0.22 percent) to 1,280.58.

The tech-dominated Nasdaq Composite added 2.34 points (0.09 percent) to 2,676.56.

Aluminum giant Alcoa is slated to be the first of the Dow's 30 blue-chip stocks to report quarterly earnings.

Copyright AFP (Agence France-Presse), 2012

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