US stocks open higher on Wall Street; Facebook falls

NEW YORK — Stocks are opening higher on Wall Street after a new survey suggested that economists are more optimistic about housing and employment. Facebook slid below its initial offering price.

The Dow Jones industrial average rose 37 points to 12,406 shortly after the opening bell Monday. The Dow hasn’t had an up day in more than a week.

The Standard & Poor’s 500 index rose three to 1,298. The Nasdaq composite rose 10 to 2,788.

The most recent report from the National Association for Business Economists showed that its forecasters expect modest growth for the remainder of the year, with the pace picking up in 2013.

Facebook slid 8 percent to $35, below its initial public offering price of $38. Its market debut on Friday was marred by technical problems.