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January 06, 2014 AT 6:15 AM
Stocks rose on Wall Street on Monday, ahead of services sector and factory goods data that could provide clues on the momentum in economic growth at the start of the new year. In early trading, the S&P 500's stock index was up 5.4 points or 0.3 percent, the Dow Jones industrial average rose 56 points or 0.34 percent, and the Nasdaq added 5.6 points or 0.14 percent.