Home / Business / Stocks open higher on earnings gains, oil price recovery
The Financial District of New York City (sometimes called FiDi) is a neighborhood on the southernmost section of the borough of Manhattan which comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York. (Image: Dirk Knight via Flickr)
The Financial District of New York City (sometimes called FiDi) is a neighborhood on the southernmost section of the borough of Manhattan which comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York. (Image: Dirk Knight via Flickr)

Stocks open higher on earnings gains, oil price recovery

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.

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.

In related news, US stocks rising for the second day in a row; ADT surges.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *

*