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US stocks open higher, following gains in European markets; Family Dollar jumps on new bid

Financial Markets-1.jpg

FILE - This July 16, 2013, file photo, shows a Wall Street street sign outside the New York Stock Exchange in New York. European stocks bounced back Monday, Aug. 18, 2014, from Ukraine-related concerns that had caused sharp selling a week earlier. Wall Street was expected to open higher but Asian markets were subdued by further signs of weakness in China's property market. (AP Photo/Mark Lennihan, File) (The Associated Press)

U.S. stocks are opening higher, following gains in Europe.

The Dow Jones industrial average rose 94 points, or 0.6 percent, to 16,757 as of 9:34 a.m. Eastern time Monday.

The Standard & Poor's 500 index rose 10 points, or 0.5 percent, to 1,965. The S&P 500 rose 1.2 percent last week.

The Nasdaq composite climbed 26 points, or 0.6 percent, to 4,490.

European markets also rose. Germany's DAX rose 1.4 percent and France's CAC-40 rose 1.2 percent.

A bidding war for Family Dollar sent that company's stock higher. Family Dollar rose 5 percent after Dollar General offered to pay about $9 billion for the discounter in an effort to trump Dollar Tree's bid.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.37 percent.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.95% dw 4.01%  
15 Y Fixed Graph 3.10% dw 3.12%  
30 Y Fixed Jumbo Graph 4.23% up 4.22%  
5/1 ARM Graph 3.09% dw 3.11%  
5/1 Jumbo ARM Graph 3.53% up 3.52%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.65% dw 4.67%  
$50K HELOC Graph 4.02% dw 4.04%  
$30K Loan Graph 4.97% dw 5.00%  
$50K Loan Graph 4.33% dw 4.36%  
$75K Loan Graph 4.33% dw 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.69% -- 2.69%  
36 M Used Graph 3.18% -- 3.18%  
48 M New Graph 3.02% -- 3.02%  
48 M Used Graph 2.91% -- 2.91%  
60 M New Graph 3.07% up 3.06%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% dw 0.39%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.50% -- 1.50%