Stocks rise as Gap posts strong earnings

Stocks are slightly higher a few minutes after the opening bell after another positive result from a big-name retailer.

The Dow Jones industrial average is up 15 points to 13,265. The Standard & Poor's 500 index is up 1.9 points to 1,417. And the Nasdaq is up 0.7 points to 3,063.

Gap Inc. shares are up 2.5 percent after it boosted its outlook and posted a 29 percent jump in net income, suggesting the operator of Gap and Old Navy stores is finally on the way to a turnaround.

Global markets are higher after German Chancellor Angela Merkel gave a new pledge of support for the euro.

Source: http://news.yahoo.com/stocks-rise-gap-posts-strong-earnings-135057256--business.html

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