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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 3.98% dw 4.26%  
15 Y Fixed Graph 3.03% dw 3.15%  
30 Y Fixed Jumbo Graph 4.28% dw 4.62%  
5/1 ARM Graph 2.95% dw 3.15%  
5/1 Jumbo ARM Graph 3.85% up 3.60%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% -- 4.38%  
$50K HELOC Graph 4.07% up 4.06%  
$30K Loan Graph 4.64% up 4.62%  
$50K Loan Graph 4.25% up 4.24%  
$75K Loan Graph 4.25% up 4.24%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.06% dw 3.07%  
36 M Used Graph 3.28% dw 3.30%  
48 M New Graph 3.05% -- 3.05%  
48 M Used Graph 2.96% dw 3.03%  
60 M New Graph 3.12% -- 3.12%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% up 0.38%  
1 yr Graph 0.62% up 0.60%  
5 yr Graph 1.51% up 1.50%