US stocks open higher, with the S&P 500 (+0.6%), Nasdaq (+0.8%), and DJIA (+1.1%) rebounding from last week's tech-led declines. Falling oil prices and strength in mega-cap stocks drive the advance. Crude drops $7.20 (-6.9%) to $96.92 per barrel after Secretary of State Marco Rubio says President Trump prefers a diplomatic resolution to the Iran war over military force. Amazon (AMZN) leads after an upgrade, and Alphabet (GOOG) rebounds, but Apple (AAPL) trades lower ahead of earnings. The energy sector lags, while consumer discretionary leads. Data shows the ISM Manufacturing Index rose to 55.5% in October, while construction spending fell 1.9% in September.
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