U.S. Stocks Open Higher As Oil Prices Stabilize

By Markets MarketWatch Pulse

U.S. stocks opened higher Tuesday as crude oil prices stabilized following an announcement that several major producers would freeze production. The S&P 500 rose 0.6% to 1,876; the Dow industrials rose 0.6% to 16,090; the Nasdaq Composite rose 1.4% to 4,400. Oil prices moved higher, supporting battered energy shares, after Russia, Saudi Arabia, Qatar and Venezuela said they wouldn't increase output above January's levels as long as other major producers follow.

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