Dow jumps 250 points at open as banking fears ease

U.S. stocks opened higher on Monday as signs of banking-sector stress waned and investors bet on multiple Federal Reserve interest-rate cuts before the end of 2023. The S&P 500
SPX,
+0.19%
gained 25 points, or 0.6%, to 3,996. The Dow Jones Industrial Average
DJIA,
+0.47%
rose by 255 points, or 0.8%, to 32,493. The Nasdaq Composite
COMP,
-0.19%
advanced 42 points, or 0.4%, to 11,866.