US stocks are stable in early trade; energy sector gains

AP News
|
Posted: Sep 29, 2015 9:41 AM
US stocks are stable in early trade; energy sector gains

NEW YORK (AP) — U.S. markets are steady in early trading as the market stabilizes a day after a big drop.

The Dow Jones industrial average edged up 14 points to 16,014 as of 9:35 a.m. Eastern time Tuesday. The Dow plunged 312 points the day before.

The Standard & Poor's 500 index was up three points, or 0.2 percent, to 1,885. The Nasdaq composite was little changed at 4,544.

Energy stocks moved higher along with the price of oil. Rig operator Transocean rose 3 percent.

Crude oil gained 55 cents to $44.97 a barrel in New York.

Bond prices didn't move much. The yield on the 10-year Treasury note was little changed at 2.09 percent.