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U.S. stocks are opening higher, led by gains in banks and technology companies.
Morgan Stanley gained 1 percent early Tuesday after the investment bank reported better earnings and revenue than analysts were expecting. Bank of America also edged up.
Not all the earnings news was good. Tiffany sank 6 percent after reporting a decline in jewelry sales during the holiday season.
Investors check stock prices at a brokerage house in Beijing, Tuesday, Jan. 19, 2016. Chinese shares were buoyed but the rest of Asian stock markets were largely flat Tuesday after China's quarterly economic growth met expectations, calming some of the investor jitters in the region. (AP Photo/Andy Wong)
The Dow Jones industrial average was up 165 points, or 1 percent, to 16,151 as of 9:35 a.m. Eastern.
The Standard & Poor's 500 index rose 17 points, or 0.9 percent, to 1,898. The Nasdaq composite gained 39 points, or 0.9 percent, to 4,527.
U.S. markets were closed Monday for the Martin Luther King, Jr. Day holiday.
A man chats with other investors near an electronic board displaying stock prices at a brokerage house in Beijing, Tuesday, Jan. 19, 2016. Chinese shares were buoyed but the rest of Asian stock markets were largely flat Tuesday after China's quarterly economic growth met expectations, calming some of the investor jitters in the region. (AP Photo/Andy Wong)
A woman checks stock index through her smartphone at a brokerage house in Beijing, Tuesday, Jan. 19, 2016. Chinese shares were buoyed but the rest of Asian stock markets were largely flat Tuesday after China's quarterly economic growth met expectations, calming some of the investor jitters in the region. (AP Photo/Andy Wong)
Investors check stock prices at booths at a brokerage house in Beijing, Tuesday, Jan. 19, 2016. Chinese shares were buoyed but the rest of Asian stock markets were largely flat Tuesday after China's quarterly economic growth met expectations, calming some of the investor jitters in the region. (AP Photo/Andy Wong)
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