US stocks open higher on energy sector surge

US stocks rose today as the energy sector recovered after oil prices rose in addition to gains in the tech sector after Apple revealed the new versions of the iPhone.

In the oil market, by 14:09 GMT, WTI rose by 0.4% to $57.6 a barrel, with a high of $58.3 and a low of $57.3.

Brent rose by 0.8% to $62.8 a barrel, with a high of $63.2 and a low of $62.5.

The US economy revealed today that the PPI rose by 0.1% during August.

Otherwise, the Chinese Ministry of Finance announced today that 16 US products would be exempted from tariffs, with a 1-year exemption from September 17th.

Dow Jones rose by 0.1% or 40 points to 26,949 points, Nasdaq rose by 0.6% or 46 points to 8,130, and S&P 500 rose by 0.2% or seven points to 2,986.