Markets edge higher as Syria standoff continues

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Associated Press

Posted on August 28, 2013 at 9:02 AM

Updated Wednesday, Aug 28 at 9:03 AM

NEW YORK (AP) — The stock market is opening slightly higher as investors wait for news on the standoff with Syria.

The price of oil edged down from $112 a barrel overnight and was trading at $110 a barrel early Wednesday, up 1 percent from a day earlier.

The Dow Jones industrial average was up 26 points, or 0.2 percent, to 14,804 after the first few minutes of trading. It had plunged 170 points the day before to a two-month low.

The Standard & Poor's 500 index was up three points, or 0.2 percent, to 1,633. The Nasdaq composite was up 12 points, or 0.3 percent, at 3,590.

Trading has been light this week.

The yield on the benchmark 10-year Treasury note rose to 2.76 percent from 2.71 percent the day before.

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