U.S. Markets closed

Stocks rise in early trading

In this Monday, July 8, 2013 photo, traders Joel Lucchese, left, and Michael Urkonis confer on the floor of the New York Stock Exchange. Asian stock markets rebounded and European shares continued a global rally Tuesday July 9, 2013 following positive U.S. economic news as nervousness about an imminent scaling back of the Federal Reserve's monetary stimulus eased. (AP Photo/Richard Drew)

NEW YORK (AP) — Stocks are rising in early trading on Wall Street led by materials and industrial companies.

Alcoa was up 6 cents, or 0.9 percent, at $8 shortly after the U.S. stock market opened Tuesday.

The aluminum maker reported second-quarter earnings late Monday that beat analysts' expectations. It was the first major company to announce results. The company, considered a bellwether for the economy, benefited from strong demand for aluminum used in autos and airplanes.

The Dow Jones industrial average rose 69 points, or 0.5 percent, to 15,294. The Standard & Poor's index climbed nine points, or 0.6 percent, to 1,649. The Nasdaq composite gained 12 points, or 0.4 percent, to 3,497.

The yield on the 10-year Treasury note was unchanged at 2.64 percent.