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Wall Street Sees Early Advance

August 15, 2002

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NEW YORK (AP) _ Stock prices have started higher on Wall Street.

The Dow Jones industrial average is ahead 42 points. Gainers outnumber losers by about 3-1 on the New York Stock Exchange.

The Nasdaq Composite Index is up 12 points and the Standard & Poor’s 500 Stock Index has added six points.

Wall Street is continuing yesterday’s late rally with early gains today.

A better-than-expected report on industrial output is helping provide a reason for buying equities.

There’s also some solid earnings news from the retail sector. Target topped estimates with its second-quarter profit report.

Market averages have been mostly higher in overseas trading.

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