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Stocks open higher on strong retail sales


NEW YORK – Stocks are rising in early trading following a jump in October retail sales.The Commerce Department announced Monday that strong consumer demand for cars sent retail sales to their highest levels in seven months. The 1.2 percent gain in sales was nearly double what analysts were expecting.Stocks are rising overseas. The Euro Stoxx 50, which tracks blue chip companies in Europe, is up 0.7 percent, while China's Shanghai Composite Index closed 1.0 percent higher.The dollar is up 0.3 percent against a broad basket of currencies.The Dow Jones industrial average is up 32, or 0.3 percent, to 11,224. The S&P 500 is up 5, or 0.4 percent, to 1,204, while the Nasdaq composite index is up 11, or 0.4 percent, to 2,529.THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.NEW YORK (AP) — U.S. stock futures pointed to a higher open Monday following a jump in October retail sales and a big acquisition by Caterpillar Inc.The euro fell against the dollar as European news reports said Ireland was in talks with other European countries about its debt situation.Stock index futures added to their early gains after the Commerce Department reported that strong demand for cars sent retail sales up by the largest amount in seven months last month. The 1.2 percent gain was nearly double what analysts were expecting.In corporate news, Caterpillar Inc., the world's largest construction machinery maker, said it has agreed to buy mining equipment maker Bucyrus International Inc. for $7.6 billion in cash, a 32 percent premium to Bucyrus' closing price on Friday. Bucyrus' shares jumped 30 percent to $90.35 in pre-market trading, just below the deal price of $92 a share.Lowe's Companies Inc. reported a 19 percent rise in profit on tight cost controls, but the home improvement retailer trimmed its full-year earnings forecast. Urban Outfitters Inc. will report earnings after the market close.Dow futures rose 24, or 0.2 percent, to 11,176 in pre-opening trading.Standard & Poor's 500 futures were up 3.50, or 0.3 percent, to 1,198.90. The S&P index fell 2.2 percent last week, its biggest weekly drop in three months.In addition to Ireland's debt woes, investors were also worried about international pushback on the Federal Reserve's plan to buy $600 billion in Treasury bonds, which U.S. trading partners say will further weaken the dollar, and a weak revenue forecast from network equipment maker Cisco Systems Inc.Nasdaq futures rose 15.25 or 0.7 percent, to 2,149.The euro was down 0.5 percent against the dollar at $1.3636 amid reports that Ireland was in talks with its European neighbors over how to deal with its financial troubles.Ireland's finances are under strain after the government bailed out five banks after the country's real estate boom collapsed. Investors are fearful that Ireland could become the next European country to require a bailout, as Greece did this past May. Irish officials say they aren't applying a lifeline from Europe's bailout fund.European shares rose. Germany's DAX rose 0.7 percent, France's CAC-40 rose 0.8 percent, and Britain's FT-SE index rose 0.4 percent.In Asia overnight, Japan's Nikkei 225 rose 1.1 percent and Hong Kong's Hang Seng fell 0.8 percent.Silly Solid Swound System (5 january 2002) music downloads.Ballanation 2004 albums.Techno Collector 2 album.Music in Jamaica song.Hustlers mp3 download