The markets opened higher on news that private equity firms were injecting capital into the financial services sector. The Dow rose 41 points to 12,651 while Nasdaq added 7 points to 2378.
On the upside
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 717.