Major US stock indexes jumped at the start of the week as all eyes focused on the release of US inflation data.
This strengthening was shown by the US30 or Dow Jones Industrial index which closed higher at 34,245.03 after rising 1.11% in the New York session.
The US30 is an index that tracks the performance of the 30 largest and leading US companies, most of which are listed on the New York Stock Exchange (NYSE).
Meanwhile, the benchmark S&P 500 ended at 4,137.29, up 1.14% and the NASDAQ closed at 11,891.79, up 1.48%.
Microsoft was seen as a major contributor to S&P and NASDAQ gains and led gains in the Dow Jones index.
A 3.12% jump in Microsoft shares on Monday pushed its market value above $2 trillion again, after Morgan Stanley reiterated its 'overweight' or 'buy' rating on the stock.
This follows his involvement in the development of OpenAI's ChatGPT which shows his strong foundation to record growth this year.
Investors' focus is now turning to US inflation data to be released at the New York session which is expected to rise 6.2% in January year-on-year from 6.5% previously.
