Stocks open higher on earnings gains, oil price recovery

AP News
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Posted: Feb 17, 2016 9:43 AM
Stocks open higher on earnings gains, oil price recovery

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.