US: Wall St opens higher as oil steadies

US stocks opened higher on Tuesday as crude oil prices edged off 12-year lows after flirting with $30 per barrel. 

PHOTO: AFP

JAN 12, 201610:43 PM

[NEW YORK] US stocks opened higher on Tuesday as crude oil prices edged off 12-year lows after flirting with $30 per barrel.

The Dow Jones industrial average was up 100.5 points, or 0.61 per cent, at 16,499.07. The S&P 500 gained 11.43 points, or 0.59 per cent, to 1,935.1 and the Nasdaq Composite index added 44.24 points, or 0.95 per cent, to 4,682.23.

REUTERS