US stocks moves slightly higher in early trading
May 13, 2015, 6:49 AM
NEW YORK (AP) — Stocks are opening slightly higher as the market comes off two days of losses.
The Dow Jones industrial average rose 50 points, or 0.3 percent, to 18,118 as of 9:35 a.m. Eastern time Wednesday.
The Standard & Poor’s 500 index gained nine points, or 0.4 percent, to 2,108. The Nasdaq composite increased 32 points, or 0.7 percent, to 5,007.
Owens-Illinois, which makes beer and wine bottles, jumped 10 percent after saying it would buy a glass container business from the Mexican company Vitro.
DuPont sank 5 percent after billionaire investor Nelson Peltz’s Trian Fund lost a proxy fight against the chemical maker.
Crude oil rose 62 cents to $61.37 a barrel in New York.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.22 percent.
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