Markets Right Now: US stocks open solidly higher




NEW YORK (AP) — The latest on developments in global financial markets (all times local):

9:35 a.m.

Stocks are opening higher even though U.S. employers added fewer jobs than expected in September.

The weaker-than-expected jobs report Friday appeared to make it less likely that the Federal Reserve will raise interest rates.

High-dividend utility stocks, which would benefit low interest rates, rose more than the rest of the market.

Energy companies rose as the price of crude oil reversed a weeklong slump and turned higher. Marathon Oil rose 3 percent.

The Dow Jones industrial average rose 88 points, or 0.5 percent, to 18,507.

The Standard & Poor's 500 gained 9 points, or 0.4 percent, to 2,179. The Nasdaq composite rose 16 points, or 0.3 percent, to 5,243.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.59 percent.
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