Dow bounces more than 200 points as U.S. stocks open higher after report on durable goods orders

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U.S. stocks opened higher Monday, with the Dow Jones Industrial Average bouncing more than 200 points, as investors weigh a report on durable goods orders. The Dow Jones Industrial Average was up 0.7% soon after the opening bell, while the S&P 500 rose 0.8% and the Nasdaq Composite gained 1.1%, according to FactSet data, at last check. Fresh data Monday showed orders for manufactured goods sank 4.5% in January amid a pullback in passenger plane bookings, but business investment rose at the fastest pace in five months. Last week, stocks fell amid concerns over sticky inflation, with the Dow booking a 3% weekly decline while the S&P 500 slid 2.7% and the Nasdaq shed 3.3%.

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