NEW YORK (AP) — U.S. stocks are following European markets higher in early trading.
European indexes rose sharply after a German court upheld the country’s role in bailing out other countries in the European Union. The ruling renewed hopes that Europe will find a solution to its debt problems.
In the U.S., Yahoo Inc. rose nearly 7 percent after it announced late Tuesday that CEO Carol Bartz had been fired. Some analysts say the move makes the company a potential takeover target.
Minutes after the opening bell, the Dow is up 119 points, or 1.1 percent, to 11,258. The S&P 500 is up 15, or 1.3 percent, to 1,179. The Nasdaq is up 35, or 1.4 percent, to 2,509.