Tech led the market higher, with the Nasdaq up more than 1% after last Friday marked its first run of back-to-back weekly losses in 2023.
NYSE
US stocks ended higher on Monday, with investors looking shake off the August slump ahead of a week of big retail indicators.
The Dow Jones Industrial Average is coming off its fourth positive week out of the last five, while the Nasdaq and S&P 500 both finished lower in the last five-day stretch.
The Nasdaq Composite was the big winner in Monday's session, rising more than 1% after last Friday concluded its first back-to-back losing weeks in 2023.
Meanwhile, Bank of America strategist Savita Subramanian said Monday that investors should position for offense rather than defense right now, as stocks look poised to enter the early cycle of an expansion.
With odds of a soft-landing rising, she made a bullish upgrade to the riskier consumer cyclical sector.
"[BofA's] revised forecast is based on further evidence of continued resilience in the US economy, including positive GDP revisions, strength in business spending, and a rebound in labor supply," she said.
Investors will be watching for key retail sales data to publish Tuesday, as well as earnings from retailers later in the week including Walmart, Home Depot, and Target.
Here's where US indexes stood as the market closed 4:00 p.m. on Monday:
Here's what else is going on:
In commodities, bonds, and crypto: