Tuesday stocks rise on surprise jump in consumer strength

Dow at 10,018, up 9 points this morning.

NEW YORK (AP) — A surprise jump in consumer confidence gave stocks a modest lift, but gains were kept in check as investors remain cautious about the strength of the economy.
A report Tuesday showed confidence climbed more than expected in August. That gave traders a reprieve from a string of reports throughout the month that indicated economic growth continues to slow. A report earlier in the day indicated manufacturing activity slowed in the Midwest in August.
“Market pessimism in the very near-term has hit a nadir,” said John Brady, a senior vice president at MF Global. The small rise in confidence took the edge off the downbeat mood, Brady said. However, he cautioned any gains might be short lived because traders are hesitant to make big moves before Friday’s key monthly employment report. The unemployment rate likely inched higher in August as employers avoid major hiring

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