Wall Street opens higher as report sparks US-China trade deal hopes

US stocks opened higher on Monday as expectations of a US-China trade truce were strengthened by a report that the two sides were nearing an agreement, while a raft of blockbuster deals also lifted sentiment.

The Dow Jones Industrial Average rose 42.15 points, or 0.15%, at the open to 27,917.77.

The S&P 500 opened higher by 7.15 points, or 0.23%, at 3,117.44, while the Nasdaq Composite gained 39.76 points, or 0.47%, to 8,559.65 at the opening bell.