News Summary: Stock market ends 3-day stock slump

AP News
Posted: Aug 08, 2013 5:25 PM

ONE UP: Miners and other companies dealing in commodities helped pull the stock market out of a three-day slump on Thursday. News that China's trade rebounded last month signaled the end of a six-month slowdown for the world's biggest buyer of raw materials. The report drove prices up for copper and other commodities. Copper rose to a two-month high.

THAT'S ELECTRIC: Tesla Motors jumped 14 percent following news that the maker of electric cars blew past Wall Street's profit forecasts for its most recent quarter. Revenue soared thanks to stronger sales of its Model S.

FINAL SCORE: The Standard & Poor's 500 index edged up 6.57 points, or 0.4 percent, to 1,697.48. The Dow Jones industrial average rose 27.65 points, or 0.2 percent, to 15,498.32.