U.S. stocks opened higher on Monday, after President Donald Trump signed a virus relief package. The Dow Jones Industrial Average lately rose 163.34 points, or 0.54%, to 30,363.21. The S&P 500 was up 25.83 points, or 0.70%, to 3,728.89. The Nasdaq Composite gained 98.64 points, or 0.77%, to 12,903.37.
Oil futures rose Monday, getting a boost after President Donald Trump reversed course and signed legislation that includes $900 billion in aid to consumers and small businesses. West Texas Intermediate crude for February delivery rose 19 cents, or 0.4%, to $48.40 a barrel. February Brent crude was up 40 cents, or 0.8%, at $51.74 a barrel.
President Trump signed legislation on Sunday evening that provides crucial government spending and $900 billion in pandemic-related stimulus after demanding that the bill be amended in various ways.
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