Published August 10, 2015 9:39am EDT | Updated August 10, 2015 1:06pm EDT

U.S. Stocks Open Higher On Fischer Comments; Dow Set To Snap 7-session Losing Streak

U.S. stocks soared at the open in early Monday trade, as investors appeared to be heartened by comments from Federal Reserve Vice Chairman Stanley Fischer, who hinted that the U.S. central bank may not lift interest rates until inflation returns to normal levels. The Dow Jones Industrial Average was up 165 points, or nearly 1%, at 17,535.76, while the S&P 500 was up almost 18 points, or 0.9%, to 2,095. The Nasdaq Composite Index was 43 points higher, or 0.9%, at 5,087.