Wall Street surged at the open on Monday following the longest weekly losing streak in a year for the S&P 500 and the Dow, with investors piling into shares of beaten-down sectors, including banks and travel.

The Dow Jones Industrial Average rose 188.18 points, or 0.69%, at the open to 27,362.14.

The S&P 500 opened higher by 35.44 points, or 1.07%, at 3,333.90. The Nasdaq Composite gained 170.82 points, or 1.57%, to 11,084.38 at the opening bell.

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