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A man walks by an electronic stock board of a securities firm showing Japan's Nikkei Index that fell 760 points or 4.84 percent to 14,952.61 in Tokyo, Friday, Feb. 12, 2016. Japan's main stock index dived Friday, leading other Asian markets lower, after a sell-off in banking shares roiled investors in the U.S. and Europe. (AP Photo/Koji Sasahara)

US stocks open higher as oil rebounds, banks rise

U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded.

Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent.

Oil jumped 6 percent, helping to lift energy company shares. Drilling company Transocean was up 5 percent.

The Dow Jones industrial average rose 130 points, or 0.8 percent, to 15,790 as of 9:35 a.m. Eastern time.

The Standard & Poor’s 500 index rose 18 points, or 1 percent, to 1,847. The Nasdaq composite rose 42 points, or 1 percent, to 4,300.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.695 percent.

In related news, Supreme Court puts Obama’s Clean Power Plan on hold.

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