Stocks higher after bruising week
NEW YORK (AP) — Stocks are opening higher on this Veterans Day.
Just after the start of trading, the Dow Jones industrial average is up eight points at 12,823. The Standard & Poor's 500 index is up two at 1,382. And the Nasdaq composite index is up 11 at 2,916.
Last week, the market had its biggest sell-off of the year after the re-election of President Barack Obama. Investors are worried about the "fiscal cliff," tax increases and government spending cuts that go into effect Jan. 1 unless Congress acts.
The bond market is closed Monday.
Stocks in Europe are mixed after Greek lawmakers approved a 2013 budget overnight. The head of the finance ministers of the 17 euro countries says lenders have prepared a "positive" report on the country.