NEW YORK — (AP) — Wall Street is opening higher following a three-week losing streak. The S&P 500 was up 0.5% early Monday, coming off its longest weekly losing streak since September. The Dow Jones Industrial Average was up 165 points, and the Nasdaq composite was up 0.7%. Verizon Communications was supporting the market after reporting stronger profit than analysts expected. That helped offset a drop for Tesla, which announced more cuts to prices over the weekend. Tesla is one of nearly 150 companies in the S&P 500 set to report its earnings this week. Treasury yields were holding steadier after jumping last week to up the pressure on stocks.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
Wall Street was poised to kick of the week with gains as investors focused on the latest deluge of corporate earnings.
U.S. futures were higher early Monday, with the …