NEW YORK — Stocks are opening higher on Wall Street, led by gains in the tech sector, which has been taking a beating over the past year.

Salesforce rose nearly 4% in the early going today after becoming the latest tech company to announce layoffs.

The company, a member of the Dow Jones Industrial Average, will cut 10% of its staff.

The S&P 500 was up 0.6% shortly after the opening bell, and the Dow was up 0.4%. The Nasdaq rose 0.7%.

Crude oil prices were down about 3%, leaving energy stocks as the only sector in the red. Treasury yields fell.