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US stocks open mostly higher as the market comes off a huge two-day rally; CarMax surges

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NEW YORK — Stocks are opening mostly higher in the U.S. as the market comes off a massive two-day rally.

The Dow Jones industrial average was up 12 points, or 0.1 percent, to 17,786 as of 9:35 a.m. Eastern time Friday.

The Dow had surged 421 points the day before, its biggest gain in three years.

The Standard & Poor's 500 gained two points, or 0.1 percent, to 2,063. The Nasdaq composite edged down four points, or 0.1 percent, to 4,743.

CarMax jumped 8 percent in early trading after the used car dealership chain reported a surge in its latest quarterly earnings.

The price of crude oil rose $1.65 to $55.99 a barrel in New York.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.19 percent.

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