US STOCKS-Market opens up on Fed commercial paper move

(Updates to open)

NEW YORK, Oct 7 (Reuters) - U.S. stocks opened higher on Tuesday after the U.S. Federal Reserve moved to unclog the commercial paper market, which is widely used to fund day-to-day business by companies.

The Dow Jones industrial average .DJI was up 56.63 points, or 0.57 percent, at 10,012.13. The Standard & Poor's 500 Index .SPX was up 5.30 points, or 0.50 percent, at 1,062.19. The Nasdaq Composite Index .IXIC was up 10.03 points, or 0.54 percent, at 1,872.99.

(Reporting by Kristina Cooke; Editing by Kenneth Barry)