US Stocks Trying To Recover With OPEC+ Meeting On Focus

OPEC will decide whether to ease crude production cuts as oil prices rise.

The US stock market opened higher on Thursday trying to recover losses from the previous session as investors focused on a meeting between OPEC and its allies.
The Dow Jones rose 134 points to 31,404 at 9.35 a.m. EDT (1435GMT) after the blue chip index fell 0.4% on Wednesday.
While the S&P 500 was up 14 to 3,834, the Nasdaq gained 54 to 13,052. Each of the indexes were up 0.4% at the opening bell after falling 1.3% and 2.7%, respectively, during the previous session.
The VIX volatility index, also known as the fear index, was down 2.8% to 25.91 as the risk appetite has increased.
Investors, however, are more focused on the OPEC meeting that began Thursday in Austria.
OPEC and its allies, dubbed OPEC+ group, will decide later Thursday whether to ease production cuts in the face of rising oil prices.
The price of Brent crude and West Texas Intermediate were up around 1.2% each, trading at $64.82 and $61.87, respectively.
While Bitcoin erased most of its gains seen in the previous session by falling near 4% to below the critical threshold of $50,000, other cryptocurrencies were also largely on the decline. -