Stocks Opened Higher, Eyed on Earnings, Data

U.S. stocks opened higher on Monday, ahead of third-quarter earnings season and key economic data. The Dow Jones Industrial Average lately added 172.54 points, or 1.05%, to 16,644.91. The S&P 500 gained 22.31 points, or 1.14%, to 1,973.67. The Nasdaq Composite was up 38.91 points, or 0.83%, to 4,746.68.

The U.S. and 11 countries around the Pacific were in the home stretch Sunday on talks to complete a sweeping trade agreement that would lower barriers to goods and services and set commercial rules of the road for two-fifths of the world’s economy.

American Apparel Inc, known as much for its sexually charged advertising and controversial founder as for its fashion offerings, filed for Chapter 11 bankruptcy protection on Monday.

Twitter is embracing Jack Dorsey as its CEO in hopes that its once-spurned co-founder can hatch a plan to expand the short messaging service’s audience and end nearly a decade of financial losses.

Oil rose more than 2 percent on Monday after Russia said it was ready to meet other producers to discuss the market. Brent jumped 2.7 percent to a high of $49.43 a barrel before easing back to around $49.33, up $1.20, by 1320 GMT. U.S. crude was $1.10 higher at $46.64 a barrel.

Air France managers fled a meeting on Monday about mass job cuts after angry staff waving banners and flags stormed the room, according to Reuters journalists at the scene.

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