Stocks open higher, bouncing back from a drop the day before

Staff Writer
Columbus CEO

NEW YORK (AP) — U.S. stocks are moving higher in early trading as the market bounces back from a steep decline the day before.

Athenahealth, which makes billing and medical software, rose early Friday after reporting that its income nearly doubled.

LinkedIn plunged 18 percent after releasing a disappointing forecast late Thursday.

The Dow Jones industrial average rose 107 points, or 0.6 percent, to 17,955 as of 9:35 a.m. Eastern time. It fell 195 points the day before.

The Standard & Poor's 500 index rose 12 points, or 0.6 percent, to 2,097. The Nasdaq composite rose 31 points, also 0.6 percent, to 4,972.

Most Asian and European markets were closed for a holiday.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.07 percent.