Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — U.S. stocks are opening higher as the market shakes off the latest drop in China.
Hospital operator HCA Holdings jumped 6 percent early Monday, the most in the Standard & Poor's 500 index, after raising its profit forecast.
The Dow Jones industrial average gained 58 points, or 0.4 percent, to 16,401 as of 9:35 a.m. Eastern time.
The S&P 500 index rose seven points, or 0.4 percent, to 1,929. The Nasdaq composite increased 21 points, or 0.5 percent, to 4,664.
European markets were also broadly higher. In China, the Shanghai composite fell 5.3 percent.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.17 percent.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
