WKYT | Lexington, Kentucky | News

Stock market opens higher after a two-day slump

NEW YORK (AP) - Stocks have been sharply higher in early trading, with the Dow more than 200 points ahead. Yesterday, renewed worries over Europe's debt crisis roiled markets around the world.
Automatic Data Processing said early Wednesday that company payrolls rose by 110,000 in October. Most of the gains came from the service industry. MasterCard jumped 8 percent after reporting stronger earnings.
The Federal Reserve ends a two-day policy meeting later Wednesday and will release new economic forecasts. Investors will be keeping an eye on Fed Chairman Ben Bernanke's afternoon news conference.


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