Investing.com - U.S. stocks opened higher on Monday, supported by growing expectations that the Federal Reserve will hold the current level of its monthly asset purchases for an extended period of time.
During early U.S. trade, the Dow Jones Industrial Average rose 0.40%, jumping over the 16,000 mark for the first time ever, the S&P 500 index added 0.20%, while the Nasdaq Composite index edged up 0.13%.
U.S. equities found support last week amid heightened expectations that the Fed will stick to its easy money policies for some time to come, after comments by Fed Chairwoman nominee Janet Yellen last week were seen as supportive of continued stimulus.
Google climbed 0.42% as the company was said to be opening showrooms in six U.S. cities to promote its latest products and boost retail efforts against Apple and Microsoft as the year-end holiday shopping season gets under way.
The news came after a federal judge in New York, last week, ruled that the Google Books project doesn’t violate copyright law, dismissing an eight-year-old lawsuit against the search-engine company.
In the same sector, Microsoft tumbled 1.11% after Bank of America cut its rating to "underperform" from "neutral".
Boeing was also in focus, up 3.84%, after the aircraft manufacturer kicked off the Dubai Air Show on Sunday by announcing 259 orders for its new 777X, totaling over USD95 billion at list prices.
Elsewhere, Exxon Mobil was up 0.62%, after Berkshire Hathaway reported on Friday a stake in the oil and gas giant valued at about USD3.7 billion, as Warren Buffett’s company disclosed its largest new holding since International Business Machines in 2011.
Among earnings, Tyson Foods reported revenue above analysts’ estimates, thanks to gains in prices and sales volumes for beef and chicken. The news sent shares in the meat processor surging 4.14%.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 jumped 1%, France’s CAC 40 gained 0.82%, Germany's DAX advanced 0.84%, while Britain's FTSE 100 climbed 0.55%.
During the Asian trading session, Hong Kong's Hang Seng Index surged 2.73%, while Japan’s Nikkei 225 Index dipped 0.01%.
In addition, China late Friday released a reform plan that called for opening the financial sector to more foreign investment and a revamp of initial public offerings, particularly for state-owned companies.
The document came after the Chinese Communist Party leadership ended a meeting on Tuesday last week with only abroad outline of reform plans.
Later in the day, the U.S. was to release private sector data on the outlook for the housing sector.
During early U.S. trade, the Dow Jones Industrial Average rose 0.40%, jumping over the 16,000 mark for the first time ever, the S&P 500 index added 0.20%, while the Nasdaq Composite index edged up 0.13%.
U.S. equities found support last week amid heightened expectations that the Fed will stick to its easy money policies for some time to come, after comments by Fed Chairwoman nominee Janet Yellen last week were seen as supportive of continued stimulus.
Google climbed 0.42% as the company was said to be opening showrooms in six U.S. cities to promote its latest products and boost retail efforts against Apple and Microsoft as the year-end holiday shopping season gets under way.
The news came after a federal judge in New York, last week, ruled that the Google Books project doesn’t violate copyright law, dismissing an eight-year-old lawsuit against the search-engine company.
In the same sector, Microsoft tumbled 1.11% after Bank of America cut its rating to "underperform" from "neutral".
Boeing was also in focus, up 3.84%, after the aircraft manufacturer kicked off the Dubai Air Show on Sunday by announcing 259 orders for its new 777X, totaling over USD95 billion at list prices.
Elsewhere, Exxon Mobil was up 0.62%, after Berkshire Hathaway reported on Friday a stake in the oil and gas giant valued at about USD3.7 billion, as Warren Buffett’s company disclosed its largest new holding since International Business Machines in 2011.
Among earnings, Tyson Foods reported revenue above analysts’ estimates, thanks to gains in prices and sales volumes for beef and chicken. The news sent shares in the meat processor surging 4.14%.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 jumped 1%, France’s CAC 40 gained 0.82%, Germany's DAX advanced 0.84%, while Britain's FTSE 100 climbed 0.55%.
During the Asian trading session, Hong Kong's Hang Seng Index surged 2.73%, while Japan’s Nikkei 225 Index dipped 0.01%.
In addition, China late Friday released a reform plan that called for opening the financial sector to more foreign investment and a revamp of initial public offerings, particularly for state-owned companies.
The document came after the Chinese Communist Party leadership ended a meeting on Tuesday last week with only abroad outline of reform plans.
Later in the day, the U.S. was to release private sector data on the outlook for the housing sector.