US: Wall St open higher as oil prices stabilize

[NEW YORK] US stocks opened higher on Tuesday as cautious investors looked for bargains among beaten-down stocks and as oil prices stabilized.

The Dow Jones industrial average was up 140.46 points, or 0.88 per cent, at 16,114.3.

The S&P 500 was up 15.98 points, or 0.86 per cent, at 1,880.76.

The Nasdaq Composite was up 63.86 points, or 1.47 per cent, at 4,401.37.

REUTERS