U.S. stocks opened higher on Monday, on signs of easing U.S.-China trade tensions after President Donald Trump softened his stance on ZTE Corp, pledging to help the Chinese technology company “get back into business, fast”. The Dow Jones Industrial Average lately rose 101.45 points, or 0.41%, to 24,932.62. The S&P 500 added 10.40 points, or 0.38%, to 2,738.12. The Nasdaq Composite gained 39.10 points, or 0.53%, to 7,441.98.
Oil prices swung between small gains and losses on Monday, as investors digested data from last week showing a robust rise in U.S. rig counts and the latest monthly report from OPEC. Brent crude oil was up 0.4% at $77.39 a barrel. West Texas Intermediate futures were trading up 0.2% at $70.87 a barrel.
Facebook Inc has so far suspended around 200 apps in the first stage of its review into apps that had access to large quantities of user data, in a response to a scandal around political consultancy Cambridge Analytica.
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