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Stocks edge higher in early trading on Wall Street

Tuesday - 8/13/2013, 10:26am  ET

FILE - In this Wednesday, July 31, 2013, file photo, trader Michael Urkonis works on the floor of the New York Stock Exchange. Hopes over the European economy coupled with a strong bounce-back in Japan's Nikkei stock index shored up markets Tuesday, ahead of key U.S. retail sales data that could have a bearing on when the Federal Reserve starts to rein in its monetary stimulus. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- Stocks are inching mostly higher in early trading on Wall Street after the government reported a pickup in retail sales last month.

The Standard & Poor's 500 index was up two points, or 0.1 percent, at 1,691 shortly after the opening of trading Tuesday.

The Dow Jones industrial average was flat at 15,416. The Nasdaq composite was up two points, less than 0.1 percent, at 3,671.

A measure of retail sales rose 0.5 percent in July, the biggest gain since December.

Yum Brands, which runs the Taco Bell, Pizza Hut and KFC, slumped 3 percent to $72.50 after reporting late Monday that its sales in China plunged 13 percent last month. Yum Brands is the biggest Western fast-food company in China.


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