Wall Street opens higher after China rally, Italian budget relief

(Reuters) - U.S. stocks opened higher at the start of a busy week of earnings on Monday, riding a wave of gains in global stocks due to hopes of economic stimulus in China and easing tensions over Italy's debt.

The Dow Jones Industrial Average rose 47.80 points, or 0.19 percent, at the open to 25,492.14.

The S&P 500 opened higher by 6.16 points, or 0.22 percent, at 2,773.94. The Nasdaq Composite gained 37.71 points, or 0.51 percent, to 7,486.74 at the opening bell.

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