Stocks open higher as investors grow more upbeat on prospects for banking industry.
Wall Street is opening higher as investors show some relief over more government help for the banking system.
President Barack Obama's budget proposal outlines the possibility of spending $250 billion more for additional financial industry rescue efforts on top of the $700 billion that Congress has already authorized, a senior administration official told The Associated Press.
Investors also are applauding planned job cuts at JPMorgan Chase & Co. and moves by the British government to help banks remove toxic assets from their books.
The Dow Jones industrial average is up 77 at 7,348, while the Standard & Poor's 500 index is up 9 at 774. The Nasdaq composite index is up 10 at 1,436.
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