US stocks open higher after a two-day plunge
Stocks opening higher on Wall Street after a two-day plunge caused by anxiety over Fed exit
In this Thursday, June 20, 2013, photo, specialist John Parisi, right, works with traders on the floor of the New York Stock Exchange.Asian stocks endured moderate losses Friday June 21, 2013 but European markets appeared set to stabilize even though investors remained edgy about a possible change of course by the U.S. Federal Reserve. (AP Photo/Richard Drew)
The U.S. stock market is opening higher as traders regroup following the biggest drop of the year.
The Dow Jones industrial average was up 65 points, or 0.4 percent, to 14,824 in the first few minutes of trading Friday.
The Dow plunged 560 points Wednesday through Thursday after the Federal Reserve said it could wind down its bond-buying program by the middle of next year.
The Standard & Poor's 500 index was up eight points, or 0.6 percent, to 1,597 points. Consumer staples, which fell sharply the day before, led the way higher.
The Nasdaq composite index rose three points, or 0.1 percent, to 3,367.
European and Asian markets were mixed.
The yield on the 10-year Treasury note edged up to 2.44 percent from 2.42 percent.
