1. Wall Street opened slightly higher on Monday, with the Nasdaq composite hitting a record for the third straight day, as better-than-expected earnings from big companies boosted investor confidence.
On Friday, strong earnings from Google (O:GOOGL) pushed the tech-heavy Nasdaq to a record close, which gained 4.3 percent for the week, its largest weekly gain since October while the S&P 500 stopped just short of its record high.
2. U.S. oil futures fell to the lowest level in more than three months on Monday, as ongoing worries over high domestic U.S. oil production, despite a declining rig count, weighed.
On the New York Mercantile Exchange, crude oil for September delivery hit an intraday low of $50.47 a barrel, a level not seen since April 10, before trading at $50.72 during U.S. morning hours, down 49 cents, or 0.96%.
3. PayPal Holdings Inc (O:PYPL) shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq on Monday, valuing the company at about $52 billion.
PayPal, spun off from eBay Inc (O:EBAY), is widely expected to build partnerships with e-commerce rivals and try to seize market share from startups such as Stripe and Square and technology behemoth Apple Inc (O:AAPL), which unveiled its own mobile payments service last year.
4. The U.S. dollar edged up to six-year highs against its Canadian counterpart on Monday, as expectations for an upcoming U.S. rate hike continued to support the greenback, while downbeat wholesale sales data from Canada weighed on the local currency.
USD/CAD hit 1.2999 during early U.S. trade, the daily high; the pair subsequently consolidated at 1.2995, adding 0.18%.
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