News

World stock markets edge up amid Chinese stimulus hopes

NEW YORK, N.Y. – U.S. stocks opened higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China.

Energy companies were among the winners early Monday as the price of crude rose. Williams Companies jumped 5 per cent.

The price of benchmark U.S. crude rose 2 per cent to $40 a barrel in New York.

The Dow Jones industrial average rose 95 points, or 0.6 per cent, to 17,676.

The Standard & Poor’s 500 index climbed 10 points, or 0.5 per cent, to 2,058. The Nasdaq composite added 20 points, or 0.4 per cent, to 4,870.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.75 per cent.