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US stocks open modestly higher as markets stabilize

U.S. stocks are opening modestly higher as trading stabilizes a day after a plunge in China unsettled investors around the globe.

The Dow Jones industrial average was up 15 points, or 0.1 percent, to 17,172 as of 9:35 a.m. Eastern time Tuesday.

The Standard & Poor’s 500 index rose three points, or 0.2 percent, to 2,016. The Nasdaq composite edged up seven points, or 0.2 percent, to 4,910.

The stocks of gun makers were up strongly in early trading after new data pointed to strong sales at the close of 2015. Smith & Wesson jumped 10 percent and Sturm Ruger gained 8 percent.

The price of oil fell 1 percent to $36 a barrel in New York.

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