NEW YORK (Reuters) - Stocks opened higher on Thursday as investors snapped up beaten-down energy shares, tempering unease about disappointing earnings and outlooks that have raised recession concerns.
The jump in energy shares followed two days of steep losses. U.S. front-month crude jumped $1.28 to $67.95 a barrel.
The Dow Jones industrial average was up 115.65 points, or 1.36 percent, at 8,634.86. The Standard & Poor's 500 Index was up 11.58 points, or 1.29 percent, at 908.36. The Nasdaq Composite Index was up 16.72 points, or 1.03 percent, at 1,632.47.
(Reporting by Ellis Mnyandu)
