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US stocks open higher after a two-day plunge

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The Associated Press | June 21, 2013 09:43 AM EST | AP


The U.S. stock market is opening higher as traders regroup following the biggest drop of the year.

The Dow Jones industrial average was up 65 points, or 0.4 percent, to 14,824 in the first few minutes of trading Friday.

The Dow plunged 560 points Wednesday through Thursday after the Federal Reserve said it could wind down its bond-buying program by the middle of next year.

The Standard & Poor's 500 index was up eight points, or 0.6 percent, to 1,597 points. Consumer staples, which fell sharply the day before, led the way higher.

The Nasdaq composite index rose three points, or 0.1 percent, to 3,367.

European and Asian markets were mixed.

The yield on the 10-year Treasury note edged up to 2.44 percent from 2.42 percent.