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Markets –US stocks open slightly higher

by Paul

U.S. stocks are edging higher in the early going as the market comes off a four-day losing streak.

Consumer stocks rose more than the rest of the market early Wednesday. Nike added 1.3 per cent, the most in the Dow Jones industrial average.

Energy stocks lagged the market as the price of oil took another dip lower. Drilling rig operator Transocean fell 2 per cent.

The Dow Jones industrial average rose 32 points, or 0.2 per cent, to 17,707. The Standard & Poor’s 500 index gained 3 points, or 0.2 per cent, to 2,078. The NASDAQ composite climbed 8 points, or 0.2 per cent, to 4,851.

U.S. government bond prices fell. The yield on the 10-year Treasury note edged up to 1.62 per cent.

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