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US stocks open busy week with gains

New York - US stocks edged higher in opening trade on Monday as a heavy week of earnings and economic data got underway.

Five minutes into trade, the Dow Jones Industrial Average was at 18 074.20, up 16.55 points.

The broad-based S&P 500 rose 0.12% to 2 104.51, while the tech-rich Nasdaq Composite Index advanced 0.28% to 5 009.80.

Key earnings reports this week include JPMorgan Chase, Intel and General Electric. On Tuesday, the Commerce Department will release the March retail sales report.

The S&P 500 tacked on 1.7% last week following major deals involving GE, Royal Dutch Shell and others.

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