U.S. stocks headed for a moderately higher open Thursday after two sessions of steep declines brought by the surging price of oil.
While oil futures broke through $135 per barrel for the first time overnight, stock futures pointed to a modest rebound. The Dow Jones industrial average fell 427 points, or 3.3 percent, over the course of Tuesday and Wednesday, its steepest two-day loss since late February. It is down three of the past four sessions.
The spike in oil prices has fanned investors' uneasiness about inflation. One big fear is the consumers worried about rising prices for everything from gasoline to food will be less willing to reach into their …
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