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

By Anora MahmudovaMarketWatch Pulse

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.

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