Markets edge higher as Syria standoff continues

Financial markets edge higher, with a wary eye on Syria; Oil rises to $110 a barrel

Associated Press
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In this Tuesday, Aug. 27, 2013 photo, trader Gregory Rowe, left, works on the floor of the New York Stock Exchange. U.S. stock futures are modestly higher, Wednesday, Aug. 28, 2013, while global exchanges are falling, with Western nations laying the groundwork for potential military strikes in Syria. (AP Photo/Richard Drew)

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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