Wall Street opens higher after China rally, Italian budget relief

REUTERS: U.S. stocks opened higher at the start of a busy week of earnings on Monday, riding a wave of gains in global stocks due to hopes of economic stimulus in China and easing tensions over Italy’s debt.

The Dow Jones Industrial Average rose 47.80 points, or 0.19 percent, at the open to 25,492.14.

A Trader works on the floor of the New York Stock Exchange in New York

The S&P 500 opened higher by 6.16 points, or 0.22 percent, at 2,773.94. The Nasdaq Composite gained 37.71 points, or 0.51 percent, to 7,486.74 at the opening bell.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by Arun Koyyur)

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