NEW YORK - Stocks are higher in early trading as government officials move closer to a deal aimed at saving the crippled financial system.
But a credit market squeeze has intensified as doubts about the plan's effectiveness drive demand for very short-term, safe-haven assets including three-month Treasury bills.
Disappointing readings on employment and demand for big-ticket manufactured goods, as well as a sobering forecast from General Electric Co., are underscoring the broad effects of the more than year-old credit crisis.
The Dow Jones industrial average is up about 94 points at the 10,919 level.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.