Stocks are edging higher in early trading on Wall Street after a report showed that the U.S. trade deficit narrowed sharply in December.

The Dow Jones industrial average rose 120 points to 13,965 shortly after the opening bell Thursday. The Standard & Poor's 500 index is up three points at 1,512 and the Nasdaq composite is up 12 points at 3,178.

Stocks are slightly lower for the week, with Dow down 0.3 percent and the S&P 500 also 0.3 percent lower.

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