U.S. stocks opened higher Monday as investors bought stocks amid apparent optimism about the progress of negotiations between the U.S. and its major trading partners. The Dow Jones Industrial Average DJIA, +0.31% rose about 80 points, or 0.3%, at 25,744 , the S&P 500 index SPX, +0.12% climbed 7 points, or 0.2%, at 2,856, while the Nasdaq Composite Index added 17 points, or 0.2%, at 7,834. Last week, the Dow gained 1.4%, the S&P 500 returned 0.6%, while the Nasdaq booked a weekly decline of 0.3%. The Wall Street Journal reported Friday that negotiators from the U.S. and China were mapping out talks with the aim of resolving the trade dispute by November, which has provided some underpinning to recent buying, overshadowing--at least for the moment--worries about turmoil in Turkey's economy and the lira USDTRY, +2.8708% In corporate news, PepsiCo Inc. PEP, +0.16% said it will buy SodaStream International Ltd. SODA, +9.70% while Tesla Inc. TSLA, -1.45% shares were under pressure after a note from analysts at JPMorgan Chase & Co. JPM, -0.31% cut its price target for the company and cast fresh doubt on financing for a go-private transaction deal from the electric-car maker run by embattled CEO Elon Musk.
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