New York - Petroleum-linked equities rose with oil prices in opening trading Wednesday as US stocks were little changed following mixed earnings reports.
Dow member Chevron rose 1.1% and Schlumberger was up 1.4% as oil prices advanced.
Among companies reporting earnings, Morgan Stanley jumped 1.8% but Dow member Intel slumped 5.4% following a disappointing outlook.
Overall, stocks were little changed. Five minutes into trading, the Dow Jones Industrial Average was at 18 194.78, up 0.2%.
The broad-based S&P 500 added 0.1% at 2 141.53, while the tech-rich Nasdaq Composite Index shed 0.1% to 5 240.36.
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