McDermott bankruptcy to be financed by $2.81 bln in DIP financing facility

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U.S. stocks open slightly higher, turn mixed

U.S. stocks opened higher on Monday even as investors digested news on tariffs and trade. The Dow Jones Industrial Average rose 54 points, 0.2%, to open near 28,105. The S&P 500 was up 2.4 points, 0.1%, to open near 3,143. The Nasdaq was 2 points, less than 0.1%, higher, at the open, and immediately gave up those gains. Shares of McDermott International Inc. soared double digits after the engineering and construction services company said it had reached agreements with some of its creditors.

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