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Wall Street opens higher after $110 bn arms deal between US, Saudi Arabia

Dow Jones Industrial Average rose 74.81 points, or 0.36%

Wall Street opens higher after $110 bn arms deal between US, Saudi Arabia

A souvenir license plate is seen outside the New York Stock Exchange in Manhattan, New York. Photo: Reuters

Reuters

Wall Street opened higher on Monday as oil prices climbed and defense stocks rose following a $110 billion arms deal between the United States and Saudi Arabia.

The Dow Jones Industrial Average rose 74.81 points, or 0.36 per cent, to 20,879.65.

The S&P 500 gained 6.99 points, or 0.29 percent, to 2,388.72.

The Nasdaq Composite added 17.51 points, or 0.29 per cent, to 6,101.21.

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First Published: May 22 2017 | 7:51 PM IST

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