U.S. stocks opened higher Monday as markets try to recover from the worst day in two weeks Friday. Stocks are also getting a boost from Goldman Sachs, which predicts the S&P 500 will reach 2100 by the end of this year, mainly due to the Federal Reserve’s lack of an interest rate hike last week. Atmel’s (ATML) stock is soaring after a $4.6 billion buyout from Dialog Semiconductor (DLG). PayPal (PYPL) was upgraded to BUY from HOLD at Stifel Nicolaus. Crude oil futures rose, bouncing back somewhat after enduring a big drop Friday. Signs that oil supply remains kept prices largely in the doldrums last week, as well as a slowdown in China and other Asian countries. Steakhouses remain popular places to conduct business. The Wall Street Journal reports, quoting data from Table8, that 8 of the top 15 highest grossing restaurants in New York City are steakhouses. Still, steakhouses are trying to appeal to more women with expanded menus and lighter decor.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
