U.S. stocks opened higher on Monday as investors bet President Donald Trump’s tax reform could make some headway and expectations of a more hawkish successor to Fed Chair Janet Yellen. The Dow Jones Industrial Average lately rose 52.78 points, or 0.24%, to 22,457.87. The S&P 500 was up 3.45 points, or0.14%, to 2,522.81. The Nasdaq Composite gained 14.38 points, or 0.22%, to 6,510.34.
Oil prices pulled back on Monday, weighed down by a strong dollar and data pointing to rising global production. November West Texas Intermediate crude fell 96 cents, or 1.9%, to $50.70 a barrel. December Brent crude fell 95 cents, or 1.6%, to $55.84 a barrel .
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