Markets

U.S. stocks open solidly higher

/ AP

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NEW YORK - Stocks opened solidly higher on Wall Street, led by gains in energy companies as the price of crude oil climbs.

Exxon Mobil rose 1.7 percent in early trading Monday, one of the biggest gains in the Dow Jones industrial average.

Materials companies were also higher. DuPont rose 1.4 percent.

Mylan jumped 11 percent after the drugmaker said late Friday it would pay $465 million to settle allegations that it overbilled the government for its life-saving EpiPen allergy treatment.

The Dow Jones industrial average rose 153 points, or 0.8 percent, to 18,394 at 9:47 a.m. ET.

The Standard & Poor’s 500 index gained 15 points, or 0.7 percent, to 2,169. The Nasdaq composite climbed 43 points, or 0.8 percent, to 5,335.

Bond trading was closed in the U.S. for the Columbus Day holiday.

First published on October 10, 2016 / 9:51 AM EDT

© 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

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