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Wall Street opens up, S&P 500 hits new high

NEW YORK (Reuters) - U.S. stocks opened higher on Monday, with the S&P 500 hitting a new intraday record amid corporate merger activity and as hopes grew for more monetary stimulus in European markets.

The Dow Jones industrial average <.DJI> rose 64.67 points or 0.38 percent, to 17,065.89, the S&P 500 <.SPX> gained 8.29 points or 0.42 percent, to 1,996.69 and the Nasdaq Composite <.IXIC> added 26.17 points or 0.58 percent, to 4,564.72.

(Reporting by Ryan Vlastelica; Editing by Bernadette Baum)

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