US stocks add to records despite Las Vegas shooting

NE WYORK (AFP) - Wall Street stocks rose early Monday, adding to records, following strong international economic data and ahead of a heavy calendar of US economic reports.

Analysts said sentiment was not affected by a brutal mass shooting in Las Vegas that resulted in at least 50 fatalities.

About 15 minutes into trading, the Dow Jones Industrial Average stood at 22,452.70, up 0.2 per cent.

The broad-based S&P 500 rose 0.1 per cent to 2,522.05, while the tech-rich Nasdaq Composite Index gained 0.2 per cent to 6,509.14.

Both the S&P 500 and Nasdaq ended at records last week.

Data earlier Monday (Oct 2) showed eurozone unemployment held steady at an eight-year low in August, while Japanese manufacturing industry sentiment rose to a decade high.

Key US reports this week include September auto sales and the government jobs report for September.

Analysts said the Las Vegas attack did not register as a market-moving event and that the focus on Wall Street was still on the upcoming third-quarter earnings season, which is expected to be solid.

"It has not reacted negatively, because it is under the impression that this is an isolated incident without any official terrorist group linkages," said analyst Patrick O'Hare.

"Accordingly, it sees no lasting economic impact from the incident that would derail corporate earnings prospects," he said. "We hate writing that, yet it is the essence of how the market evaluates matters at a time like this.

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