By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. stocks opened higher on Monday, with the S&P 500 Index making another run at a record high, after an accord was reached to avert financial collapse in Cyprus.

The S&P 500 (SPX) climbed 6.96 points, or 0.5%, to 1,563.85, less than 2 points from the 1,565.15 high hit in October 2007.

The Dow Jones Industrial Average (DJI) rose 40.72 points, or 0.3%, to 14,552.75.

The Nasdaq Composite (RIXF) added 12.59 points, or 0.4%, to 3,257.59

Dell Inc. (DELL) shares gained 3% after the computer maker confirmed it had received competing bids from private-equity firm Blackstone Group LP and billionaire investor Carl Icahn that could top one offered by founder Michael Dell.

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