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In this Wednesday, Nov. 7, 2012, photo, Luke Scanlon, left, of MND Partners Inc. works on the floor of the New York Stock Exchange in New York. Financial markets settled down Thursday, Nov. 8, 2012, after the turmoil of the previous day when concerns over the U.S. fiscal situation combined with renewed worries over the European economy to hammer stocks.

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Stocks open higher on Wall Street

Stocks inched higher on Wall Street early Thursday, steadying a day after the Dow Jones industrial average logged its biggest one-day drop of the year. Investors were encouraged by two reports on the U.S. economy.

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