U.S. stocks open higher as oil rallies
U.S. stocks opened higher Friday as the International Energy Agency declared a bottom in oil prices, sending crude futures higher and lifting sentiment. Investors were continuing to asses the effect on U.S. equities of the European Central Bank's stimulus measures announced Thursday. The S&P 500 opened 12 points, or 0.6%, higher at 2,002. The Dow Jones Industrial Average added 110 points, or 0.6%, to 17,101. Meanwhile, the Nasdaq Composite began the day up 45 points, or 1% at 4,706.
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