Stocks open higher, led by gains in technology, energy

AP News
|
Posted: Jan 12, 2016 9:43 AM
Stocks open higher, led by gains in technology, energy

U.S. stocks are opening higher, led by gains in big technology companies, which have had a rough start to the year.

Intel and Apple each rose 2 percent in early trading Tuesday, the biggest gains in the Dow Jones industrial average.

Energy stocks also did well in the early going as the price of oil turned higher. It had slumped to its lowest level in 12 years the day before.

The Dow average was up 167 points, or 1 percent, to 16,566 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index rose 20 points, or 1.1 percent, to 1,945. The Nasdaq composite climbed 66 points, or 1.4 percent, to 4,704.

The Nasdaq, which is heavily weighted with technology stocks, has fallen for the past eight trading days.