US Stocks Rise; Knight Capital Gets Lifeline

By: AP
By: AP

U.S. stocks were marching upward, riding a tailwind of optimism from the most recent job numbers released last week. Other Global markets also rose.

The Dow Jones industrial average rose 31 points to 13,126 soon after the opening bell on Monday. The broader S&P 500 index added three points at 1,394. The Nasdaq index is up 10 points to 2,977.

Also on Monday, Knight Capital Group, which is fighting for survival after a disastrous software glitch last sent trading haywire last week, said it has lined up $400 million in financing that will allow the firm to continue operations. Also, the founder of Best Buy has offered to buy the company for between $24 and $26 per share.

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