Wall Street opens higher after $110 bn arms deal between US, Saudi Arabia

Wall Street opens higher after $110 bn arms deal between US, Saudi Arabia

Wall Street opened higher on Monday as oil prices climbed and defense stocks rose following a $110 billion arms deal between the United States and Saudi Arabia.

The Dow Jones Industrial Average rose 74.81 points, or 0.36 per cent, to 20,879.65.

The S&P 500 gained 6.99 points, or 0.29 percent, to 2,388.72.

The Nasdaq Composite added 17.51 points, or 0.29 per cent, to 6,101.21.

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