Wall Street opens higher as report sparks trade deal hopes

Via Reuters Finance

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid

(Reuters) – U.S. stocks opened higher on Monday as expectations of a U.S.-China trade truce were strengthened by a report that the two sides were nearing an agreement, while a raft of blockbuster deals also lifted sentiment.

The Dow Jones Industrial Average .DJI rose 42.15 points, or 0.15%, at the open to 27,917.77. The S&P 500 .SPX opened higher by 7.15 points, or 0.23%, at 3,117.44, while the Nasdaq Composite .IXIC gained 39.76 points, or 0.47%, to 8,559.65 at the opening bell.

Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Sriraj Kalluvila

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