Stocks Open Higher 8/22/13
NEW YORK - Encouraging news from Europe and China has sent the stock market higher in early trading despite another batch of bleak earnings from retailers.
A survey showed China's manufacturing slowdown stabilized in August. In Europe, a report showed that the manufacturing and services are improving.
Stocks of U.S. retail chains are falling after more weak sales reports.
Abercrombie & Fitch plunged more than 20 percent. Hewlett-Packard fell 10 percent after the company reported poor demand for personal computers.
US unemployment aid applications up to 336,000