US stocks rise on ADP report
US stocks rose by the opening of the last trading session in the month of August, as the ADP employment report showed private employers added fewer jobs than forecasted in August, where investors grew more convinced the Fed could actually activate a third round of quantitative easing to support the stalled recovery.
US financial stocks rose in early trade Monday as markets focused on General Motors Corp. formally filing for bankruptcy and a shakeup in the financial-sector composition of the Dow Jones Industrial Average.