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US: Wall St opens higher on M&A flurry


[NEW YORK] US stocks opened higher on Monday as four M&A deals in the biotech sector lifted market sentiment after the worst weekly decline for the S&P 500 in two months.

The Dow Jones industrial average rose 105.5 points, or 0.6 per cent, to 17,818.16, the S&P 500 gained 9.5 points, or 0.46 per cent, to 2,070.52 and the Nasdaq Composite added 31.30 points, or 0.64 per cent, to 4,922.52.