Stock market sees gains after worst week since October

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Coming off its worst week since October, Wall Street pointed higher early today, the Associated Press reports, with a handful of high-profile earnings reports. Futures for the S&P 500 and the Dow Jones Industrial Average each rose 0.6% before the bell.

Oil prices fell despite tensions roiling the Middle East, where an attack late Saturday marked the first time Iran had ever launched a military assault on Israel. A barrel of benchmark U.S. oil declined 70 cents to $84.96 per barrel. Brent crude, the international standard, lost 68 cents to $89.77 per barrel.

Nearly every sector showed gains early today, but none more than defense contractors. Lockheed Martin led the way, rising 1.8% before the bell.

Apple shares ticked down less than 1% after a report showed that the iPhone came in at No. 2 in phone deliveries in the first quarter, behind Samsung.

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In currency trading, the U.S. dollar rose to 153.89 Japanese yen from 153.07 yen, hitting another 34-year high.

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