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（Januayr 26,2012） US stocks are opening higher as solid economic news and strong corporate earnings highlight the economy's growing momentum. The government said overnight that orders to factories for long-lasting manufactured goods increased in December for the second straight month as companies bought more machinery and equipment. New claims for unemployment benefits rose only modestly. Manufacturing conglomerate 3M rose 1.5 per cent after its fourth-quarter profit beat Wall Street's estimates. Caterpillar rose three per cent after beating analysts' estimates last quarter. The heavy equipment maker said it expected to do the same this year. The Dow Jones industrial average is up 52 points, or 0.4 per cent, at 12,809. The Standard & Poor's 500 index is up four points, or 0.3 per cent, at 1329. The Nasdaq composite average is up 10 points, or 0.4 per cent, at 2828. |
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