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Stocks Jump In Early Going; Caesarstone Crumbles

Stocks opened higher and strengthened in Wednesday's early going amid mixed economic data.

The Nasdaq led the pack with a 1% gain while the S&P 500 climbed 0.7%. The Dow Jones industrial average lagged with a 0.3% gain, hurt by Walt Disney (NYSE:DIS), which slumped 9% on late Tuesday's revenue miss. Volume was running higher across the board in the stock market today compared with the same time Tuesday.

In economic news, Markit's service PMI for July rose to 55.7 from 54.8 in June. Views were for 55.2.

The ISM's...