NEW YORK — Stocks are opening higher as Wall Street recovers some of its losses from last week, with big technology companies again swinging with the most momentum. The S&P 500 was 0.7% higher in early trading Monday, coming off its first losing week in the last three. The Dow was up 194 points and the Nasdaq composite was up 0.9%. This week will offer a huge data point for the Federal Reserve, which is weighing whether to keep raising interest rates in its effort to drive down inflation.
A recent surge in oil prices has added to worries that inflation may not be waning as much as hoped for in the U.S and other major economies. That could lead the Federal Reserve and other central banks to keep interest rates higher for longer, which would hurt prices for shares and other investments.
The Shanghai Composite index gained 0.8% to 3,142.78, while Hong Kong's Hang Seng lost 0.6% to 18,087.79. China will report more data this week, while an update on consumer prices is due Wednesday in the U.S. Economists expect it to show prices at the consumer level were 3.6% higher in August than a year earlier.