NEW YORK, March 4 (Xinhua) -- U.S. stocks opened higher on Monday as investors looked for signs of further progress to be made in the U.S.-China trade talks, following the latest round of bilateral negotiations on Feb. 21-24 in Washington, in which both sides expressed optimism.

Shortly after the opening bell, the Dow Jones Industrial Average rose 99.40 points, or 0.38 percent, to 26,125.72. The S&P 500 was up 12.07 points, or 0.43 percent, to 2,815.76. The Nasdaq Composite Index increased 47.69 points, or 0.63 percent, to 7,643.04.

Shares of U.S. aircraft giant Boeing and U.S. construction equipment manufacturer Caterpillar rallied nearly 0.7 percent and almost 1.5 percent, respectively, shortly after market open, as investors have kept a close eye on global trade moves.

Shares of U.S. e-commerce magnate Amazon also rose nearly 2 percent, after U.S. investment banking advisory firm Evercore largely raised its price target from 1,800 U.S. dollars per share to 1,965 dollars per share, according to CNBC.

The move came as Evercore said gross profit growth has become a key indicator to gauge the corporate performance of Amazon, which would possibly advance 4 percentage points faster than revenue growth over the next three years.

Eight of the 11 primary S&P 500 sectors traded on a high note in the morning session, with the industrials sector up over 0.8 percent, leading the winners among the groups. Enditem

Related

Go to Forum >>0 Comment(s)