Early Trade in New York: Wall Street higher as crude edges up

Wall Street was higher on Tuesday morning as crude oil prices recovered from multi-year lows and data showed that the US economy grew at a healthy clip in the third quarter. Brent crude rose slightly a day after it slid to its lowest since mid-2004, but gains were limited due to global oversupply concerns and tepid demand for heating oil in what is likely to be the warmest winter on record.
The S&P energy sector was up 1.58 percent, leading the 10 major sectors on the index. Chevron shares were up 1.7 percent at $90.74 and gave the biggest boost to the S&P. At 10:59 am ET (1559 GMT), the Dow Jones industrial average was up 37.52 points, or 0.22 percent, at 17,289.14, the S&P 500 was up 4.27 points, or 0.21 percent, at 2,025.42 and the Nasdaq Composite index was up 1.53 points, or 0.03 percent, at 4,970.46. Ford was up 2.9 percent at $14.13 after Automotive News reported that the automaker was in talks with Google to help build self-driving cars.