U.S stocks opened modestly higher Monday after a market meltdown Friday, and even as Chinese markets re-opened after being shuttered for several days to sharp declines.
The Dow Jones Industrial Average gained about 88 points, 0.3%, to open near 28,344, while the S&P 500 opened 12 points, 0.4%, higher, near 3,237. The Nasdaq rose about 40 points, 0.4%, to open near 9,191.
US-traded shares of Baidu Inc. rose about 4% after the company upped its fourth-quarter guidance. Markets in China lost about 8% Monday, but that was less than many analysts had feared. China's central bank said it would take steps to stabilize markets and the economy.