NEW YORK (AP) — U.S. stocks are opening higher on some encouraging company earnings and a recovery in the price of oil.
Priceline, Garmin and Host Hotels were all sharply higher Wednesday after reporting higher earnings than analysts were expecting.
The price of crude jumped almost 3 percent to about $30 a barrel in New York.
The Dow Jones industrial average rose 133 points, or 0.8 percent, to 16,329.
Most Read Stories
- No more flying with reindeer: Unique Alaska planes to retire VIEW
- ‘No more agriculture in Puerto Rico,’ a farmer laments
- Seattle to spend $177M on new streetcar line amid questions about ‘unrealistic’ revenue, rider projections
- Boeing’s next all-new jet moves closer to reality
- A daring betrayal helped wipe out Cali cocaine cartel
The Standard & Poor’s 500 index gained 15 points, or 0.8 percent, to 1,911. The Nasdaq composite climbed 43 points, or 1 percent, to 4,478.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.81 percent.