Mark Lennihan, File, Associated Press
In this Oct. 8, 2014 file photo, a man walks to work on Wall Street, near the New York Stock Exchange, in New York. Chinese stocks tumbled while other global stock markets were also lower Thursday, June 18, 2015, after the Federal Reserve cut its forecast for U.S. economic growth, a move that could delay Fed rate hikes but also suggests reduced American demand for Asia's exports.

NEW YORK — U.S. stocks are opening higher, led by gains for the health care sector.

The Dow Jones industrial average climbed 100 points, or 0.6 percent, to 18,044 as of 9:35 p.m. Eastern time Thursday.

The Standard & Poor's 500 rose nine points, or 0.5 percent, to 2,110. The Nasdaq composite gained 29 points, or 0.6 percent, to 5,095.

Oracle dropped 7 percent in early trading after the software company reported earnings late Wednesday that fell short of analysts' expectations. Oracle said that the stronger dollar continued to hurt its earnings.

Bonds edged lower, pushing the yield on the benchmark 10-year Treasury note to 2.33 percent from 2.32 percent late Wednesday.