US stocks open higher on hopes for jobs, more stimulus; Unemployment applications fell

Economic IndicatorsAssociated Press

U.S. stocks are opening higher following good news on jobs and more hopes of stimulus in Europe.

The price of oil was stabilizing Thursday following a prolonged slump that had worried investors of slowing global growth.

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The early gain was only the second upturn this week following a grim start to the year.

The Dow Jones industrial average rose 189 points, or 1 percent, to 17,769 as of 9:35 a.m. Eastern time. The Dow rose 212 points the day before.

The Standard & Poor's 500 increased 19 points, also 1 percent, to 2,045. The Nasdaq composite rose 43 points, or 1 percent, to 4,693.

The government reported that fewer Americans applied for unemployment benefits last week.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.01 percent.