U.S. Stocks Open Higher; Oil Prices Move up on Hopes for Production Freeze

U.S. stocks opened higher Wednesday as oil prices rose on hopes there will be an agreement to freeze output when oil producers meet next week.
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U.S. stocks opened higher Wednesday as oil prices rose on hopes there will be an agreement to freeze output when oil producers meet next week. Earnings reports continue to roll in, with retailer Express one of the latest companies to report results. Express (EXPR) reported better than expected earnings and sales rose. The company also issued an upbeat forecast. Chipotle (CMG) stock is in focus, after the company had to shut another restaurant, this time in Massachusetts, as some workers became ill. No customers will reported sickened. The company said the restaurant is closed for a full cleaning. The company is still trying to recover from an e Coli outbreak last fall. TheStreet's Rhonda Schaffler has details from Wall Street.