U.S. stocks open higher despite stalled stimulus talks

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U.S. stocks opened higher Monday, even as Washington remained deadlocked on another round of fiscal stimulus to boost an economy weakened by the coronavirus. The Dow Jones Industrial Average gained 106 points, 0.4%, trading near 28,693, while the S&P 500 added 27 points, 0.8%, to open near 3,504. The Nasdaq Composite was up 153 points or 1.3%, near 11,732. Investors are likely pinning their hopes on a more sizable fiscal package to be decided in January, some analysts think, even as COVID-19 case counts rise in the U.S. and around the world. Shares of Apple Inc. jumped 2.5% after the bell, one day before the company is set to announce its iPhone lineup, which could foreshadow a strong upgrade cycle.
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