Stocks Opened Mixed and Turned Positive amid Earnings, Stimulus

U.S stocks opened mixed and turned positive in the early trading on Monday, as investors watched for progress toward another coronavirus rescue program and braced for the busy week of corporate earnings results. The Dow Jones Industrial Average lately rose 50.17 points, or 0.19%, to 26,520.06. The S&P 500 was up 10.74 points, or 0.33%, to 3,226.37. The Nasdaq Composite gained 113.19 points, or 1.09%, to 10,476.37.

Oil futures edged higher Monday, finding support from a continued slide by the U.S. dollar as traders watched efforts in Washington to craft another round of rescue spending and assessed the continued spread of COVID-19. West Texas Intermediate crude for September delivery was up 29 cents, or 0.7%, at $41.58 a barrel. September Brent crude rose 20 cents, or 0.5%, to $43.98 a barrel.

Durable goods orders rose 7.3% in June over May to extend the prior month’s 15.1% advance, the Commerce Department reported Monday, in a signal of the ongoing revitalization of supply chains and broader business activity as social distancing measures abate.