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Investing.com — U.S. stock markets opened higher on the first trading day of the month as Microsoft (NASDAQ:MSFT) chased a deal to buy the popular social media app TikTok with presidential approval. Strong corporate earnings reports also lifted sentiment.
The U.S. tracked European stocks higher despite ongoing tensions with China and the absence of a fiscal coronavirus relief deal.
Marathon Petroleum (NYSE:MPC) rose 2% after saying it will sell gas stations for $21 billion.
By 09:37 AM ET (1337 GMT), the Dow Jones Industrial Average was up 143 points or 0.54%. The S&P 500 was up 0.5% and the Nasdaq Composite was up 1%.
