Dow up 275 points as stock market shrugs off concern over Fed interest-rate path


U.S. stocks opened higher Monday, as investors shrug off market expectations that the Federal Reserve will raise interest rates by 0.75 percentage point in September after Friday’s surprisingly strong labor-market report. The Dow Jones Industrial Average DJIA, +0.09% rose 0.5% soon after the opening bell, while the S&P 500 SPX, -0.12% gained 0.4% and the Nasdaq Composite COMP, -0.10% advanced 0.3%, according to FactSet data, at last check. Investors are looking ahead to Wednesday’s reading on the consumer-price index for a gauge of inflation in July, as they seek to assess how aggressive the Fed may hike rates to curb the soaring cost of living.

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