U.S. stocks opened higher on Monday as signs of banking-sector stress waned and investors bet on multiple Federal Reserve interest-rate cuts before the end of 2023. The S&P 500 SPX gained 25 points, or 0.6%, to 3,996. The Dow Jones Industrial Average DJIA rose by 255 points, or 0.8%, to 32,493. The Nasdaq Composite COMP advanced 42 points, or 0.4%, to 11,866.
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