Stocks Opened Slightly Higher on Upbeat Jobs Report

U.S. stocks opened slightly higher on Monday, building on gains from last week’s strong February jobs data that allayed fears of rising inflation and faster interest rate hikes. The Dow Jones Industrial Average lately rose 100.45 points, or 0.40%, to 25,436.19. The S&P 500 gained 9.23 points, or 0.33%, to 2,795.80. The Nasdaq Composite added 31.57 points, or 0.42%, to 7,592.38.

Oil prices fell on Monday on expectations that U.S. output will rise this year. April West Texas Intermediate crude slipped 49 cents, or 0.8%, to $61.54 a barrel. May Brent crude fell 60 cents, or 0.9% to $64.89 a barrel.

David Solomon will take over as president and chief operating officer at Goldman Sachs as his sole competitor for the company’s CEO job, Harvey Schwartz, retires in April, the company announced Monday.

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