US stocks open the week higher, Europe gains

August 25, 2014 - 10:04 AM
Financial Markets Wall Street

FILE - In this May 11, 2007, file photo, a Wall Street sign is mounted near the flag-draped facade of the New York Stock Exchange. Global stock markets were mostly higher Monday, Aug. 25, 2014, after top central bankers in Europe and Japan said support for their economies would continue and additional help is possible. Investors are hoping the stock market will pick up steam this week. (AP Photo/Richard Drew, File)

NEW YORK (AP) — Stocks are opening higher in the U.S. after central bankers in Europe and Japan said support for their economies would continue.

The Dow Jones industrial average rose 64 points, or 0.4 percent, to 17,064 as of 9:35 a.m. Monday.

The Standard & Poor's 500 index rose eight points, or 0.4 percent, to 1,996. The Nasdaq composite index rose 26 points, or 0.6 percent, to 4,564.

Burger King jumped 14 percent in early trading following news that the fast-food chain is in talks to buy Tim Hortons of Canada.

European markets also rose. The DAX in Germany gained 1.2 percent and the CAC-40 rose 1.3 percent. British markets were closed for a holiday.

Bond prices were little changed. The yield on the 10-year Treasury note held at 2.40 percent.