Stocks Jumped Solidly Higher at Open

U.S. stocks jumped solidly higher at open on Monday, on optimism around news that the United States and Mexico were closing in on a trade deal. The Dow Jones Industrial Average lately rose 192.61 points, or 0.75%, to 25,982.96. The S&P 500 added 15.59 points, or 0.54%, to 2,890.28. The Nasdaq Composite gained 42.73 points, or 0.54%, to 7,988.70.

Oil futures saw subdued trade early Monday, ahead of a conference call between members of a committee monitoring the agreement between OPEC and non-OPEC producers on output levels. West Texas Intermediate crude for October delivery were a penny, or less than 0.1%, lower at $68.71 a barrel. October Brent crude was virtually unchanged at $75.83 a barrel.

Mexican and U.S. officials are close to agreeing they have resolved their bilateral issues in the renegotiation of the North American Free Agreement (NAFTA) but a major issue must still be settled, a top Mexican official said on Monday.