US STOCKS-Wall St opens higher after oil claws back some losses

miércoles 9 de diciembre de 2015 10:59 GYT
 

* Dow Chemical, DuPont jump on merger talks

* Yahoo up after shelving Alibaba spinoff plans

* Indexes: Dow up 0.18 pct, S&P up 0.03 pct, Nasdaq down 0.29 pct (Updates to open)

By Tanya Agrawal

Dec 9 (Reuters) - U.S. stocks were higher at the open on Wednesday as crude oil prices clawed back some of their losses and reported merger talks between Dow Chemical and DuPont helped prop up shares of raw materials companies.

Crude oil prices steadied after a brutal five-day selloff, but many investors expect oil to fall below 2008 lows due to a global supply glut. Copper prices also held their ground.

Dow Chemical was up 11.4 percent at $56.70 while DuPont jumped 10 percent to $73.26, after reports that the companies are in talks to merge.

DuPont was the biggest boost to the Dow Jones Industrial average and the S&P 500.

"We're going to see a little bit of back-and-forth movement today. It has been a quite overnight and volumes have been very, very light in most futures markets," said John Brady, managing director at brokerage R.J. O'Brien & Associates in Chicago.   Continuación...