Wall Street opens higher a day after heavy selling

NEW YORK (AP) - Stocks are opening higher after IBM Corp. reaffirmed its profit forecast and investors hoped the government might take ownership stakes in banks to help stabilize the financial industry.

Wall Street is looking to recover Thursday from near-panic selling that has cascaded through global markets in the past week.

The Dow Jones industrials are up 140 points at the 9,394 level in early trading.

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