US stocks edge higher in early trading

US stock inch higher in early trading; eBay jumps on news that it will spin off PayPal

Associated Press
US stocks edge higher in early trading

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FILE - Wall St. is shown in this Tuesday, Sept. 30, 2008 file photo taken in New York. Stock markets drifted Wednesday Sept. 24, 2014 as the boost from stronger Chinese manufacturing was overcome by Europe's economic malaise and heightened geopolitical risks after the U.S. and Arab nations attacked the Islamic State group's headquarters in eastern Syria. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) -- U.S. stocks are opening slightly higher as investors set aside worries about the protests in Hong Kong.

The Dow Jones industrial average edged up 12 points, or 0.1 percent, to 17,079 as of 9:35 a.m. Eastern time Tuesday.

The Standard & Poor's 500 index rose a fraction of a point to 1,977. The Nasdaq composite rose three points, or 0.1 percent, to 4,509.

EBay rose 8 percent, the most in the S&P 500 index, after the company said it would spin off the mobile payment service PayPal. EBay had faced pressure from shareholders to make the split.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.50 percent.

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