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Will the rally continue?...Light week of economic data

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Posted: Feb 4, 2013 4:32 AM

Updated: Feb 4, 2013 4:32 AM

NEW YORK (AP) How far into February will January's rally extend? Stocks climbed steadily higher in January, then leapt forward to start the new month. The Dow added 149 points, bursting through the 14,000 level for the first time since 2007. The S&P gained 15 points and starts the week at 1513, while the Nasdaq rose 37 to 3179. Futures trading suggests a slightly higher opening today.

SEOUL, South Korea (AP) International stock markets moved cautiously higher today as investors continued to feel confident about stocks following last week's U.S. jobs report and Wall Street's rally. Benchmark crude oil fell but remained above $97 per barrel. The dollar gained against the euro and the yen.

WASHINGTON (AP) December factory orders highlight a light week of economic data. Orders for manufactured goods are due this morning. They were flat in November. Factories look to have been recovering from a slump in early 2012, but concerns remain that a weak global economy is holding back U.S. exports.

UNDATED (AP) As Boeing engineers work to solve the battery problems that have grounded its 787s around the world, contract issues are threatening to put the effort on hold. Boeing engineers begin voting today on a new contract and on whether to authorize a strike. The union is urging them to reject the contract.

NEW YORK (AP) McDonald's says it is offering its first new Happy Meal entree in a decade: Fish McBites. The world's biggest hamburger chain said the Fish McBites will be widely available at U.S. restaurants starting this week through March, to coincide with Lent. The Happy Meals will come with seven pieces of Fish McBites, French fries, apple slices and a drink.

Topics: Morning BusinessMinute

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