NEW YORK (CNN/Money) -
U.S. stocks edged higher early Monday as investors dipped their toes back in after last week's lackluster trade and ahead of a key read on manufacturing, due out shortly.
After five minutes of trading, the Dow Jones industrial average (up 67.33 to 10651.25, Charts), the Standard & Poor's 500 (up 7.52 to 1152.46, Charts) index and the Nasdaq composite (up 13.32 to 2043.14, Charts) all traded higher.
Stocks were bound to bounce after the many weeks of declines. The Nasdaq closed lower Friday for the sixth week in a row and the Dow closed lower for the second week in a row. The S&P 500 just barely managed to close higher after falling the previous week.
The morning's economic news showed that personal income and spending rose in January from the previous month, although only the spending was in line with expectations, with income falling short.
After the start of trading, the Institute for Supply Management releases its manufacturing index for February, which is expected to fall to 62.0 from 63.6 in January.
Treasury prices edged higher, sending the 10-year note yield down to 3.96 percent from 3.97 percent late Friday. The dollar fell versus the euro and was little changed versus the yen.
Brent crude oil futures rose 23 cents to $32.46 a barrel in London. Gold rallied $5.50 to $402.30 an ounce.
Asian markets closed higher Monday. European markets were higher at midday.
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