Markets Right Now: US stocks open higher

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

9:35 a.m.

Stocks are opening higher on Wall Street as energy stocks rise along with the price of crude oil.

Adding to their gains from a day earlier, oil and gas stocks snapped higher in early trading Thursday. Murphy Oil jumped 4 percent.

Materials companies also gained. Copper miner Freeport-McMoRan rose 4 percent.

The Dow Jones industrial average gained 131 points, or 0.7 percent, to 18,425.

The Standard & Poor's 500 index rose 15 points, or 0.7 percent, to 2,178. The Nasdaq composite climbed 33 points, or 0.6 percent, to 5,325.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.63 percent.
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