Stocks are opening higher on Wall Street led by technology

Specialist Meric Greenbaum (center) works with traders at his post on the floor of the New York Stock Exchange. Stocks are opening higher on Wall Street led by gains in technology companies and banks.

NEW YORK — Stocks are opening higher on Wall Street led by gains in technology companies and banks.

Sprint soared after a federal judge removed a major obstacle to T-Mobile's takeover of the company.

Under Armour plunged after the athletic gear maker said it anticipates a big financial hit from the viral outbreak in China

The price of oil also rose. The S&P 500 rose 12 points, or 0.4%, to 3,364.

The Dow Jones Industrial Average rose 74 points, or 0.2%, to 29,350 and the Nasdaq rose 34 points, or 0.3%, to 9,659.

Bond prices fell. The 10-year Treasury yield rose to 1.58%.