Opening Bell: U.S. Stocks Rise on Oil Supply Outages; Foot Locker Shares Sink

U.S. stocks opened higher on Friday, as supply disruptions in Canada and Nigeria have kept oil prices stable. West Texas Intermediate, the U.S. benchmark for oil, at one point crossed $48 a barrel on Friday. Plus, Foot Locker (FL) - Get Report shares fell after reporting mixed first quarter results. Earnings of $1.39 a share matched estimates, while revenue of $1.99 billion, just missed the consensus forecast. Same store sales rose 2.9 percent during the quarter, falling short estimates of a 4.5 percent increase. Finally, Walmart's (WMT) - Get Report price target was raised to $69 from $66 by the analysts at RBC Capital. The firm has an underperform rating on the stock, which currently trades at $69.20. Walmart reported better than expected first quarter results on Thursday. TheStreet's Scott Gamm reports from Wall Street.