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US stocks open slightly higher, tough oil continues to slide

The exchange rate of the US Dollar and the Euro, at top, is displayed in the window of a currency exchange office in Athens, on Monday, Jan. 5, 2015. The euro sank to a nine-year low Monday as new doubts surfaced about Greece's commitment to the common currency bloc. European stocks mostly rose while Asian markets were mixed. (AP Photo/Petros Giannakouris)
The exchange rate of the US Dollar and the Euro, at top, is displayed in the window of a currency exchange office in Athens, on Monday, Jan. 5, 2015. The euro sank to a nine-year low Monday as new doubts surfaced about Greece's commitment to the common currency bloc. European stocks mostly rose while Asian markets were mixed. (AP Photo/Petros Giannakouris) The exchange rate of the US Dollar and the Euro, at top, is displayed in the window of a currency exchange office in Athens, on Monday, Jan. 5, 2015. The euro sank to a nine-year low Monday as new doubts surfaced about Greece's commitment to the common currency bloc. European stocks mostly rose while Asian markets were mixed. (AP Photo/Petros Giannakouris)

By Associated Press 1 min read

NEW YORK (AP) – The U.S. stock market is edging higher in early trading as the price of oil extends its slump.

European indexes stabilized Monday following steep losses the day before.

The Dow Jones industrial average was up 49 points, or 0.3 percent, to 17,551 as of 9:35 a.m. Eastern time Tuesday.

The Standard & Poor’s 500 index rose six points, or 0.3 percent, to 2,022. The Nasdaq composite rose 13 points, or 0.3 percent, to 4,663.

Crude oil fell $1.10 to $48.93 a barrel in New York.