Global markets stabilize; US indexes open higher on earnings
By Associated Press
Jul 28, 2015 8:39 AM CDT
A Chinese investor walks past displays of stock information at a brokerage house in Beijing, Tuesday, July 28, 2015. Shanghai stocks were volatile Tuesday after falling the most in eight years the day before while other Asian markets also flitted between gains and losses. (AP Photo/Mark Schiefelbein)   (Associated Press)

NEW YORK (AP) — U.S. stocks are opening higher after UPS, Ford and other big companies reported earnings gains and as markets in China and Europe stabilized.

The Dow Jones industrial average was up 45 points, or 0.3 percent, to 17,485 as of 9:35 a.m. Eastern time Tuesday.

The Standard & Poor's 500 index rose nine points, or 0.4 percent, to 2,076. The Nasdaq composite increased 13 points, or 0.3 percent, to 5,054.

Asian markets closed with modest losses a day after the Shanghai stock index plunged more than 8 percent, its worst fall since 2007.

European markets were mostly higher.

As stock markets calmed, investors moved money out of safe-play assets like bonds.

U.S. government bond prices fell. The yield on the 10-year Treasury note rose to 2.26 percent.