US stocks rise ahead of GDP, jobs data

Agence France-Presse

5:58 am | Tuesday, November 5th, 2013

A pair of traders works in a booth on the floor of the New York Stock Exchange on Monday, Nov. 4, 2013. Stocks indexes rose slightly on Monday as investors looked ahead to Twitter’s highly anticipated public offering later this week and the Labor Department’s employment survey on Friday. AP PHOTO/RICHARD DREW

NEW YORK CITY—US stocks on Monday ended a quiet day higher as investors looked ahead to some important economic reports later in the week, including the monthly jobs report.

At the closing bell, the Dow Jones Industrial Average tacked on 24.21 points (0.16 percent) at 15,639.76.

The broad-based S&P 500 rose 6.42 (0.36 percent) to 1,768.06, while the tech-rich Nasdaq Composite Index added 14.55 (0.37 percent) at 3,936.59.

Dan Greenhaus, chief global strategist at BTIG LLC, characterized Monday’s economic news flow as “dead” but said markets will likely take notice of Thursday’s report on third-quarter gross domestic product and Friday’s monthly jobs report for October.

“We’ve had a really nice run here and the market feels a little tired,” Greenhaus said.

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