U.S. stocks opened sharply higher on Thursday, as oil prices surged on chatter that Russia and OPEC may cut output. Shares of Facebook Inc. FB, +13.13% surged on the back of a well-received earnings report, helping lift the Nasdaq composite. The S&P 500 SPX, +0.65% opened 17 points, or 0.9%, higher at 1,900, with the energy sector leading the gains, up 3%. The Dow Jones Industrial Average DJIA, +0.59% gained 120 points, or 0.8%, to 16,060. Meanwhile, the Nasdaq Composite COMP, +0.83% began the day up 60 points, or 1.4%, at 4,530.
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