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Stocks Higher in Early Trading

July 31, 2001

NEW YORK (AP) _ The Dow Jones industrial average is up 25 points in today’s early going. Advancing issues on the New York Stock Exchange hold a 4-3 lead over decliners.

The Nasdaq Composite Index is ahead two points and the Standard & Poor’s 500 Stock Index is up two points.

Market activity is mixed as the earnings season continues to bring both good and bad news. Consumer spending and income rose again in June and Verizon Communications reports second-quarter adjusted earnings of 77 cents a share, meeting expectations. But the communications company lowered its full-year guidance. The Conference Board releases its Consumer Confidence Index this morning, which will also be closely watched.

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