NEW YORK (AP) – U.S. stocks are opening higher, breaking the longest losing streak in four years for the Dow Jones industrial average.
Precision Castparts soared 19 percent Monday after Warren Buffett’s Berkshire Hathaway said it would buy the maker of industrial components for $32 billion.
Stocks rose in China after weak trade figures led investors to hope for new economic stimulus measures from the Chinese government.
The Dow gained 155 points, or 0.9 percent, to 17,527 as of 9:35 a.m. Eastern time.
The Standard & Poor’s 500 index climbed 17 points, or 0.9 percent, to 2,095. The Nasdaq composite increased 43 points, or 0.9 percent, to 5,087.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.21 percent.
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