Stocks open higher on earnings gains, oil price recovery
Posted February 17, 2016 6:00 am
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.