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  • Wall Street stocks rose early Monday, extending last week's rally on optimism about additional US stimulus spending and coronavirus vaccines. Investors are betting that President Joe Biden will succeed in enacting most of aspects of his $1.9 trillion fiscal relief package, analysts said. Over the weekend, Treasury Secretary Janet Yellen predicted the United States would get back to full employment next year if the package is enacted, and warned that hiring would lag if Congress does not come through. About 10 minutes into trading, the Dow Jones Industrial Average was up 0.5 percent at 31,316.79. The broad-based S&P 500 gained 0.4 percent to 3,902.89, while the tech-rich Nasdaq Composite Index advanced 0.5 percent to 13,919.47. Major indices rose to all-time records last week as Biden's plan advanced in Congress while Johnson & Johnson's Covid-19 vaccine moved closer to approval. Investors have largely shrugged off concerns about excessive equity valuations. This week's calendar includes earnings reports from General Motors and Disney and the latest consumer price index data. jmb/cs
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  • US stocks open higher, extending rally
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