U.S. Stocks Open Higher After Worst Start To a New Year

U.S. stocks opened higher on Monday, rebounding from heavy losses last week that marked the worst opening week of the calendar year in history for both the S&P 500 and the Dow. On Monday, stocks shrugged off a 5% plunge in Shanghai Composite and weakness in oil prices. The S&P 500 opened 11 points, or 0.5%, higher at 1,932. The Dow Jones Industrial Average added 100 points, or 0.6%, to 16,447. Meanwhile, the Nasdaq Composite began the day up 33 points, or 0.7%, at 4,677.