US stocks rose on Monday, signaling a positive start to the new week for investors.
The stock market this week will be closed on Thursday for a holiday and will close early on Friday in conjunction with the Thanksgiving holiday.
Last week, stocks ended strong, with the Dow Jones index rising almost 2%, the S&P 500 gaining more than 1.5%, and the Nasdaq rising 1.73%.
The increase was driven by positive US economic data such as PMI data and market excitement about the election results, increasing confidence among investors.
Last Friday, Donald Trump revealed plans to nominate Scott Bessent, founder of Key Square Group, as US Treasury Secretary to assist his administration.
According to Trump, Bessent's role will be key in advancing a trade policy that prioritizes protecting American interests.
Investors are now awaiting important updates, including the latest Federal Reserve (Fed) meeting minutes and inflation data that will provide clues about the future of interest rates.
Major companies such as Macy’s, Nordstrom, Best Buy, CrowdStrike and Dell Technologies are also set to share their earnings reports this week.
