U.S. stocks opened higher on Monday, with the Dow leading the charge as the market rebounded following a difficult week that saw both the Nasdaq Composite and S&P 500 slide into correction territory. A correction in markets is defined as a drop of 10% or more from a recent closing high. Investors’ sense of renewed optimism was fueled by a handful of strong earnings reports, including numbers from Dow component McDonald’s Corp. MCD, +0.
also posted a large revenue beat. The S&P 500 SPX, +0.85% gained 28 points, or 0.7%, to 4,146 at the open, while the Nasdaq Composite COMP, +1.04% climbed 98 points, or 0.8%, to 12,736, and the Dow Jones Industrial Average DJIA, +0.74% rose by 264 points, or 0.8%, to 32,679.
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