NEW YORK (AP) — Stocks opened higher after four straight days of losses Tuesday. Traders are hoping that Federal Reserve chairman Ben Bernanke will indicate in remarks later in the day that any increase in interest rates is a long way off.
The Dow Jones industrial average rose 65 points, or 0.5 percent, to 12,155 in morning trading. The Standard & Poor's 500 index rose 8, or 0.6 percent, to 1,294. The Nasdaq composite rose 15, or 0.6 percent, to 2,717.