Stock market shakes off an early slide and turns higher


NEW YORK (AP) — U.S. stocks are moving higher in midday trading, led by energy companies as the price of crude oil and natural gas climb.

Murphy Oil soared 13 percent Monday, Southwestern Energy rose 10 percent and Chesapeake Energy jumped 7 percent.

The Dow Jones industrial average increased 62 points, or 0.4 percent, to 17,069 as of 11:45 a.m. Eastern time.

The Standard & Poor’s 500 index edged up three points, or 0.2 percent, to 2,003. The Nasdaq composite climbed 10 points, or 0.2 percent, to 4,726.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.91 percent.

RECOMMENDED FOR YOU