NEW YORK (AP) — Stocks are opening broadly higher on Wall Street following a rally in Europe and an upturn in energy prices.
Oil and gas stocks rose far more than the rest of the market early Friday. Many of the biggest early gainers were in the energy sector, including Anadarko Petroleum, up 8 percent, and Devon Energy, also up 8 percent.
The Dow Jones industrial average rose 150 points, or 0.9 percent, to 17,147 as of 9:35 a.m. Eastern time.
The Standard & Poor’s 500 index gained 18 points, or 0.9 percent, to 2,008. The Nasdaq composite climbed 47 points, or 1 percent, to 4,710.
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European markets rose sharply as investors hoped that the European Central Bank’s latest blast of stimulus policies would help revive the region’s economy.