U.S. stocks opening slightly higher
A statue of George Washington, on the steps of the Federal Hall National Monument, overlooks Wall Street and the New York Stock Exchange, on Tuesday, May 24, 2016. Credit: AP / Richard Drew
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 percent, 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 percent.
The Dow Jones industrial average rose 32 points, or 0.2 percent, to 17,707. The Standard & Poor’s 500 index gained 3 points, or 0.2 percent, to 2,078. The Nasdaq composite climbed 8 points, or 0.2 percent, to 4,851.
U.S. government bond prices fell. The yield on the 10-year Treasury note edged up to 1.62 percent.
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