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US stocks open higher a day after big loss

Tuesday - 1/14/2014, 10:32am  ET

FILE - In this Friday, Jan. 10, 2014, file photo, specialist Anthony Rinaldi, center, works on the floor of the New York Stock Exchange. Investors are hoping Wall Street will have a better day on Tuesday, Jan. 14, 2014, following the market's worst day of the year so far. Stocks dropped Monday as falling oil prices pushed down energy stocks. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- Stocks are opening higher on Wall Street as the market turns positive after its worst day in two months.

The Dow Jones industrial average was up 35 points, or 0.2 percent, at 16,292 after the first few minutes of trading Tuesday.

The Standard & Poor's 500 index was up four points, or 0.3 percent, at 1,823. The Nasdaq composite rose 18 points, or 0.5 percent, to 4,131.

Time Warner Cable rose 2 percent after the company rejected a takeover offer from Charter Communications.

The market has gotten off to a weak start this year. The Dow has only risen twice in 2014 and is down 1.8 percent for the year.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.85 percent from 2.83 percent the day before.


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