Stocks open higher after Dow’s 8th straight weekly loss

U.S. stocks opened higher Monday, attempting to bounce after another week of losses for major indexes. The Dow Jones Industrial Average DJIA, +1.11% rose 266 points, or 0.8%, after logging an eight straight weekly fall on Friday, its longest streak of weekly declines since 1932, according to Dow Jones Market Data. The S&P 500 SPX, +0.92% was up 0.7% at 3,931, while the Nasdaq Composite COMP, +0.68% edged up 0.3% to 11,384. The S&P 500 on Friday temporarily traded below the threshold that marks a 20% retreat from its Jan. 3 record close. A finish below that level would put the large-cap benchmark in a bear market. The S&P 500 and Nasdaq posted their seventh straight weekly losses on Friday, their longest streaks since 2001.