Stocks Moved Higher in Early Trading

U.S. stocks opened lower and turned higher in the early trading on Thursday, following Wednesday’s global rout. The Dow Jones Industrial Average lately rose 48.80 points, or 0.19%, to 25,647.54. The S&P 500 was up 4.85 points, or 0.17%, to 2,790.53. The Nasdaq Composite gained 55.02 points, or 0.74%, to 7,477.07.

Oil futures remained under pressure Thursday. West Texas Intermediate crude futures for November delivery fell $1.23, or 1.7%, to $71.95 a barrel. Brent crude for December delivery lost $1.35, or 1.6%, to $81.74 a barrel.

Consumer prices edged up a slight 0.1 percent in September as energy prices retreated after a big gain in August. The Labor Department said Thursday that the September gain in its closely watched consumer price index followed a 0.2 percent rise in August.

OPEC sees the oil market as well supplied and is wary of creating a glut next year, the group’s secretary-general said on Thursday, suggesting producers are in no rush to expand a June agreement that raises output.

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