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Stocks open higher after Dow’s 8th straight weekly loss

U.S. stocks opened higher Monday, attempting to bounce after another week of losses for major indexes. The Dow Jones Industrial Average rose 266 points, or 0.8%, after logging an eight straight weekly fall on Friday, its longest streak of weekly declines since 1932, according to Dow Jones Market Data. The S&P 500 was up 0.7% at 3,931, while the Nasdaq Composite edged up 0.3% to 11,384. The S&P 500 on Friday temporarily traded below the threshold that marks a 20% retreat from its Jan. 3 record cl

Vitaliy Katsenelson’s Contrarian Edge: Inflation will be higher for longer — and you’re not going to like what comes next

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