U.S. stocks opened higher on Monday to open. U.S. economic situation continues to improve, China December purchasing managers index dropped to reduce the rate hike is expected to promote the U.S. stock market will continue to rise in the first trading day of the New Year.
EST at 09:33 on January 3 (Beijing at 22:33 on January 3), the Dow Jones industrial average rose 96.87 points to 11,674.38 points, or 0.84%; the Nasdaq composite index rose 27.37 points to 2,680.24 points, or 1.03%; Standard & Poor's 500 index rose 10.94 points to 1,268.58 points, or 0.87%.
Cantor Fitzgerald U.S. market strategist Marc Pado said, "While U.S. stocks have been rising for some time, but in the new year, ahead of the earnings season, there is no reason to believe that stocks will fall into a substantial adjustment."
Investors are waiting for will be at 10 am EDT (Beijing Time 23:00) Manufacturing Institute for Supply Management released the report. Economists surveyed by Reuters expected Institute for Supply Management manufacturing index rose to 56.9 from 56.6.
Lek Securities in New York market analysis manager, said Andre Bakhos, "New York stock market to achieve a good start as expected, the performance of strong investor optimism." He said, "It also reflects the situation in the U.S. economy turns for the better, many people believe that early January next year will represent the performance of the trend, and the moment, we have a good start. "