NEW YORK (AP) — U.S. stocks are opening higher as the market shakes off the latest drop in China.

Hospital operator HCA Holdings jumped 6 percent early Monday, the most in the Standard & Poor's 500 index, after raising its profit forecast.

The Dow Jones industrial average gained 58 points, or 0.4 percent, to 16,401 as of 9:35 a.m. Eastern time.

The S&P 500 index rose seven points, or 0.4 percent, to 1,929. The Nasdaq composite increased 21 points, or 0.5 percent, to 4,664.

European markets were also broadly higher. In China, the Shanghai composite fell 5.3 percent.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.17 percent.