U.S. stocks opened higher Monday as markets try to recover from the worst day in two weeks Friday. Stocks are also getting a boost from Goldman Sachs, which predicts the S&P 500 will reach 2100 by the end of this year, mainly due to the Federal Reserve's lack of an interest rate hike last week. Atmel's (ATML) stock is soaring after a $4.6 billion buyout from Dialog Semiconductor (DLG). PayPal (PYPL) was upgraded to BUY from HOLD at Stifel Nicolaus. Crude oil futures rose, bouncing back somewhat after enduring a big drop Friday. Signs that oil supply remains kept prices largely in the doldrums last week, as well as a slowdown in China and other Asian countries. Steakhouses remain popular places to conduct business. The Wall Street Journal reports, quoting data from Table8, that 8 of the top 15 highest grossing restaurants in New York City are steakhouses. Still, steakhouses are trying to appeal to more women with expanded menus and lighter decor.
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