Us Stocks Open Higher After Growth Estimate Raised

NEW YORK (AP) — U.S. stocks rose in early trading Tuesday after the government revised up its estimate for economic growth in the third quarter, giving the U.S. its strongest six months of growth in a decade. The third quarter growth rate climbed from an initial estimate of 3.5 percent because of greater spending by consumers and businesses, the Commerce Department reported Tuesday. Pall, company that makes filters for the food and health care industries, was among the leading gainers in the S&P 500. The company's stocks jumped $2.52, or 2.7 percent, to $97.16 after its earnings beat the expectations of Wall Street analysts. A major event this week is a meeting of members of the Organization of Petroleum Exporting Countries in Vienna on Thursday as the price of oil continues to slump.