US stocks open higher following 7 straight weeks of losses


NEW YORK (AP) — Major indexes are opening broadly higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.

The S&P 500 is up 0.9% in the early going. The tech-heavy Nasdaq is up 0.6% and the Dow Jones Industrial Average climbed 1%.

European markets were also higher and Asian markets closed mixed overnight.

Treasury yields are slightly higher. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 2.81%.

VMWare soared following a report that chipmaker Broadcom is in talks to buy it.

Stock market, Economy