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NEW YORK (AP) — U.S. stocks are opening higher as the market shakes off the latest drop in China.

Hospital operator HCA Holdings jumped 6 percent early Monday, the most in the Standard & Poor’s 500 index, after raising its profit forecast.

The Dow Jones industrial average gained 58 points, or 0.4 percent, to 16,401 as of 9:35 a.m. Eastern time.

The S&P 500 index rose seven points, or 0.4 percent, to 1,929. The Nasdaq composite increased 21 points, or 0.5 percent, to 4,664.

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European markets were also broadly higher. In China, the Shanghai composite fell 5.3 percent.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.17 percent.