US: Wall St opens higher as tax cut hopes outshine trade fears

[NEW YORK] US stocks opened higher on Monday as hopes for a fresh round of tax cuts overshadowed fears of an escalation in the trade war between the United States and China.

The Dow Jones Industrial Average rose 75.37 points, or 0.29 per cent, at the open to 25,991.91.

The S&P 500 opened higher by 9.71 points, or 0.34 per cent, at 2,881.39. The Nasdaq Composite gained 37.03 points, or 0.47 per cent, to 7,939.57 at the opening bell.

REUTERS