Stocks open higher on Wall Street following solid earnings

to deliver more aid for the economy. Fading optimism that an agreement on a new relief package will be reached before the election next month led to a late-afternoon sell-off on Monday.file a lawsuit

The Dow Jones Industrial Average of big blue chips was up 234 points, or 0.8%, to 28,429 as of 10:11 a.m. Eastern time. The Nasdaq composite, which is coming off a five-day losing streak, was up 0.9%. Smaller companies were faring better than the rest of the market. The Russell 2000 index of small-cap stocks was up 1.1%.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin negotiated for nearly an hour on Monday ahead of a Tuesday deadline for reaching a pre-election deal with the Trump administration on a new coronavirus relief package. A top aide of Pelosi’s called the talks productive.Senate Majority Leader Mitch McConnell is expected to bring a GOP version of a stimulus bill to the floor of the Senate for a vote on Wednesday.

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Stocks fall on Wall Street as hopes for new economic aid fadeStocks gave up some of their recent gains Monday as hopes faded on Wall Street that Washington will come through with badly needed aid for the economy before election day.
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