: U.S. stocks open higher after 3 days of losses as investors await inflation data, Fed minutes and earnings
U.S. stocks open mostly higher on Monday, with the S&P 500 and Dow Jones Industrial Average on track to snap a three-session losing streak that culminated with a 630-point drop for the Dow on Friday following the release of jobs data for September. The S&P 500 gained 5 points, or 0.2%, to 3,645. The Nasdaq Composite fell 15 points, or 0.2%, to 10,636. The Dow advanced 113 points, or 0.4%, to 29,409. The main U.S. benchmarks managed to snap a three-week losing streak last week despite the post-jobs losses, after stocks notched the best two-day start to a calendar quarter since 1938. Investors are looking ahead to a busy week that includes the release of minutes from the Federal Reserve’s September meeting, a report on inflation in September, and the start of the third-quarter earnings season.
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