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Wall Street rises at open on M&A activity, vaccine hopes

(Reuters) - U.S. stocks opened higher on Monday on signs of progress in developing a COVID-19 vaccine and a flurry of multi-billion dollar deals, including reports of Oracle winning the battle for the U.S. arm of TikTok.
Ahmad Tariq
14 Sep, 2020
Business
FILE PHOTO: A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. REUTERS
FILE PHOTO: A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. REUTERS

(Reuters) - U.S. stocks opened higher on Monday on signs of progress in developing a COVID-19 vaccine and a flurry of multi-billion dollar deals, including reports of Oracle winning the battle for the U.S. arm of TikTok.

The Dow Jones Industrial Average rose 53.10 points, or 0.19%, at the open to 27,718.74.

The S&P 500 opened higher by 22.59 points, or 0.68%, at 3,363.56, while the Nasdaq Composite gained 156.60 points, or 1.44%, to 11,010.14 at the opening bell.

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