U.S. stocks are rising in the opening moments of trading as increases in personal income and consumer spending in December suggested the economy is slowly recovering.
The increase in stock prices comes after Wall Street ended a disappointing January with a loss.
The Commerce Department says personal income rose 0.4 percent in December. Analysts expected 0.3 percent growth.
It says consumer spending increased by 0.2 percent, its third straight monthly gain. But analysts expected growth 0.3 percent.
The oil giant Exxon Mobil reports a smaller-than-expected decline in fourth quarter earnings.
Dow Jones industrial average rose 64.84, or 0.6 percent, to 10,132.17. The Standard & Poor's 500 index rose 6.56, or 0.6 percent, to 1,080.43, while the Nasdaq composite index rose 9.40, or 0.4 percent, to 2,156.75.
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