US stocks open modestly higher as markets stabilize
Posted January 05, 2016 6:00 am
NEW YORK (AP) - U.S. stocks are opening modestly higher as trading stabilizes a day after a plunge in China unsettled investors around the globe.
The Dow Jones industrial average was up 15 points, or 0.1 percent, to 17,172 as of 9:35 a.m. Eastern time Tuesday.
The Standard & Poor's 500 index rose three points, or 0.2 percent, to 2,016. The Nasdaq composite edged up seven points, or 0.2 percent, to 4,910.
The stocks of gun makers were up strongly in early trading after new data pointed to strong sales at the close of 2015. Smith & Wesson jumped 10 percent and Sturm Ruger gained 8 percent.
The price of oil fell 1 percent to $36 a barrel in New York.
Investors check stock prices at the booths placed at a brokerage house in Beijing, Tuesday, Jan. 5, 2016. Most Asian stock markets inched higher Tuesday as China's benchmark stabilized a day after plunging nearly 7 percent. (AP Photo/Andy Wong)
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Investors monitor stock prices at a brokerage house in Beijing, Tuesday, Jan. 5, 2016. Most Asian stock markets inched higher Tuesday as China's benchmark stabilized a day after plunging nearly 7 percent. (AP Photo/Andy Wong)
The Associated Press
An investor checks stock index through his smartphone at a brokerage house in Beijing, Tuesday, Jan. 5, 2016. Most Asian stock markets inched higher Tuesday as China's benchmark stabilized a day after plunging nearly 7 percent. (AP Photo/Andy Wong)
The Associated Press
An investor checks stock prices through his smartphone at a brokerage house in Beijing, Tuesday, Jan. 5, 2016. Most Asian stock markets inched higher Tuesday as China's benchmark stabilized a day after plunging nearly 7 percent. (AP Photo/Andy Wong)
The Associated Press
A man looks at an electronic board displaying stock prices at a brokerage house in Beijing, Tuesday, Jan. 5, 2016. Most Asian stock markets inched higher Tuesday as China's benchmark stabilized a day after plunging nearly 7 percent. (AP Photo/Andy Wong)
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A man records stock prices on the paper near an electronic board displaying stock prices at a brokerage house in Beijing, Tuesday, Jan. 5, 2016. Most Asian stock markets inched higher Tuesday as China's benchmark stabilized a day after plunging nearly 7 percent. (AP Photo/Andy Wong)
The Associated Press
People walk past an electronic stock board of a securities firm in Tokyo, Tuesday, Jan. 5, 2016. Most Asian stock markets inched higher Tuesday as China's benchmark stabilized a day after plunging nearly 7 percent. (AP Photo/Eugene Hoshiko)
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