Stocks modestly higher ahead of Alcoa report

NEW YORK (AP) - Stocks are modestly higher in early trading as investors wait for aluminum maker Alcoa Inc. to give some guidance about the economy.

Investors worried that the world economy may take longer to emerge from recession than originally hoped are turning their focus this week to companies' financial results and, more importantly, to what they have to say about business conditions for the rest of the year.

Alcoa kicks off earnings season Wednesday with its second-quarter report, to be released after the market's close.

In the first few minutes of trading, the Dow Jones industrials are up 14 to 8,177. The Standard & Poor's 500 index is up 2 to 883 and the Nasdaq composite index is up 9 to 1,755.

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