U.S. stocks open higher as market attempts to move past Deutsche Bank worries
U.S. stocks on Friday opened higher, as investors attempted to shrug off worries about the financial health of Deutsche Bank AG that helped sink U.S. equities a day earlier and unsettled overseas markets. A rebound in oil prices also helped push equities higher. On the U.S. economic front, consumer spending was barely changed in August, while inflation inched up, but remained below the 2% target set by the Federal Reserve. The S&P 500 gained 12 points, or 0.6%, to 2,163. The Dow Jones Industrial Average rose 125 points, or 0.7%, to 18,268. And the Nasdaq Composite added 23 points, or 0.4%, to 5,292.