US stock indexes open higher a day after the biggest drop in two months
A Wall Street sign adjacent to the New York Stock Exchange, Thursday, Oct. 2, 2014. European stock markets opened with slight gains Thursday Dec. 11, 2014 after a nosedive in Asia as falling oil prices reinforced jitters about a sluggish global economy. (AP Photo/Richard Drew)newsandtalking.blogspot.com
U.S. stocks are opening slightly higher as the market bounces back from its biggest drop since October.
The Dow Jones industrial average rose 75 points, or 0.4 percent, to 17,607 as of 9:35 a.m. Eastern time Thursday. The Dow fell 268 points the day before, its worst drop in two months.
The Standard & Poor's 500 index rose 12 points, or 0.6 percent, to 2,039. The Nasdaq composite rose 31 points, or 0.7 percent, to 4,715.
The price of oil fell 23 cents, or 0.4 percent, to $60.70 a barrel in New York. Crude is trading at a five-year low.
Bond prices fell. The yield on the 10-year Treasury note edged up to 2.18 percent.
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