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U.S. stocks open higher despite stalled stimulus talks

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U.S. stocks opened higher Monday, even as Washington remained deadlocked on another round of fiscal stimulus to boost an economy weakened by the coronavirus.

The Dow Jones Industrial Average DJIA, +0.63% gained 106 points, 0.4%, trading near 28,693, while the S&P 500 SPX, +0.95% added 27 points, 0.8%, to open near 3,504. The Nasdaq Composite COMP, +1.42% was up 153 points or 1.3%, near 11,732. Investors are likely pinning their hopes on a more sizable fiscal package to be decided in January, some analysts think, even as COVID-19 case counts rise in the U.S. and around the world. Shares of Apple Inc.

jumped 2.5% after the bell, one day before the company is set to announce its iPhone lineup, which could foreshadow a strong upgrade cycle.

 

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