U.S. stocks opened higher, putting key equity benchmarks on course for a third straight positive session, after reports that Germany was open to the use of deficit spending in the event of a recession. President Donald Trump's remarks that the U.S economy was doing well also helped to draw investors into risky assets.
The S&P 500 SPX, +1.06% rose 1% to 2,918. The Dow Jones Industrial Average DJIA, +1.01% advanced 323 points, or 1.2%, to around 26,209. The Nasdaq Composite COMP, +1.27% was up 1.4% to 8,010. In company news, shares of Estee Lauder Cos. EL, +9.39% climbed 10% on Monday after its earnings beat expectations and the skincare company issued upbeat guidance.
Watched the show this morning: U guys talk about 5G like there are zero safety concerns.... wake up and pay attention.... 5G is dangerous and investors r still promoting unsafe technology. No5G PhoneFelons ListentoScienceNotMoney
It's only higher in expectation of FED ratecut announcement. Meaning ratecut is already priced in. No matter how much the future ratecut woud be, the StockMarket will go down after actual ratecut...
Stocks open sharply higher on hope
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