Investing.com -- US stocks opened higher on Monday, as equities on Wall Street rebounded after slumping in the prior session following an August jobs report that left traders uncertain about the size of potential Federal Reserve interest rate cuts.
Along with the wage bump, the proposed four-year deal would also include a committment to build a new plane in the US Pacific Northwest, improved retirement benefits and an increase to the union's input into jet quality. A labor action would likely ratchet up scrutiny on new Boeing Chief Executive Kelly Ortberg, who is currently attempting to improve the company's finances and rebuild its reputation after dangerous mid-air door plug breach in January.Oil prices wavered around the flatline on Monday as traders eyed the impact of a possible hurricane off the US Gulf Coast and gauged the market reaction to last week's nonfarm payrolls report.futures were trading down by 0.3% at $67.44 a barrel.
Elsewhere, the prospect of lower interest rates also helped support crude. In theory, a dip in borrowing costs could bolster economic activity and spur an uptick in oil demand.