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
- ‘Big pool of blood’: Redmond man shoots cougar in research cage
- Concert review: Blake Shelton, Gwen Stefani duet thrills fans in Tacoma
- T-Mobile one-ups Verizon’s new unlimited data plan; 4Q results top forecasts
- Remember the Mariners’ 'Big Three'? Only one remains
- Personal responsibility and the rape debate | Froma Harrop / Syndicated columnist
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.