U.S. stocks turn higher despite unease over Europe

NEW YORK — Stocks are moving higher on Wall Street as investors wait to hear more details on the rescue plan for Spanish banks.

The Dow Jones industrial average was up 100 points at 12,511 just before noon Tuesday. The Standard & Poor’s 500 index gained eight points to 1,317, and the Nasdaq composite rose 20 points to 2,830.

Energy stocks led the market higher after oil prices recovered to $83.50 a barrel after falling to an eight-month low earlier in the day. Boeing and Cisco led the Dow higher.

The gains were broad. Nine of 10 industry groups in the S&P 500 index rose.