Stocks Start December on a High Note

U.S. stocks opened higher on Tuesday as traders kicked of December on a high note. The Dow Jones Industrial Average lately rose 280.86 points, or 0.95%, to 29,919.50. The S&P 500 was up 32.48 points, or 0.90%, to 3,654.11. The Nasdaq Composite gained 78.36 points, or 0.64%, to 12,277.10.

Oil futures edged lower on Tuesday as the Organization of the Petroleum Exporting Countries and its allies delayed a decision on whether to extend existing output curbs until later this week. West Texas Intermediate crude for January delivery fell 15 cents, or 0.3%, to $45.19 a barrel. February Brent crude was off 7 cents, or 0.1%, at $47.81 a barrel.

Airbnb on Tuesday filed an amended prospectus with additional details about its forthcoming initial public offering, which is set to be one of the largest in the U.S. in this year’s rush of public debuts. The home-rental tech company plans to offer 51.9 million shares in its IPO and price these at $44 to $50 per share.