US stocks open higher following 7 straight weeks of losses
ABC News
Major indexes are opening broadly higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020
NEW YORK -- Major indexes are opening broadly higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 is up 0.9% in the early going. The tech-heavy Nasdaq is up 0.6% and the Dow Jones Industrial Average climbed 1%. European markets were also higher and Asian markets closed mixed overnight. Treasury yields are slightly higher. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 2.81%. VMWare soared following a report that chipmaker Broadcom is in talks to buy it.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — Wall Street pointed toward gains before markets opened Monday after dipping close to the edge of a bear market to close the week Friday.
Futures for the Dow Jones Industrials rose 1% and the S&P 500 climbed 1.1% in premarket trading.
