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Stocks open mostly higher on US manufacturing gain

February 20, 2014

NEW YORK (AP) — The stock market is edging mostly higher in early trading as positive manufacturing data from the U.S. offset a disappointing report from China.

A private survey of U.S. manufacturing indicated growth in the sector in February. That compares with a report of Chinese manufacturing contracting for a second straight month.

The Dow Jones industrial average rose 13 points, or 0.1 percent, to 16,054 in the first few minutes of trading Thursday.

The Standard & Poor’s 500 index rose a point, or 0.1 percent, to 1,829 and the Nasdaq composite was flat at 4,234.

Tesla Motors jumped $19.42, or 10 percent, to $212.62 after the electric car maker delivered a strong fourth-quarter performance late Wednesday and said it expects vehicle sales to rise sharply this year.

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