US stock indexes edged higher on Monday after the major averages posted their best week of the year.
Last week, the Dow rose 2.94%, the S&P 500 rose 3.93% and the Nasdaq Composite rose 5.29%.
All 11 S&P sectors ended higher last week, led by the technology sector, consumer sentiment and financial stocks.
Semiconductor companies led the way, with strong weekly performances from Nvidia (18.9%), SMCI (23.6%), AMD (10.6%), Broadcom (11.8%) and Micron Technology (16%).
The move comes as the market quickly recovers from a sharp sell-off earlier this month amid easing recession fears and expectations of an imminent Federal Reserve (Fed) rate cut.
Investors are now looking to Fed Chairman Jerome Powell's speech in Jackson Hole, Wyoming and FOMC minutes to be published early Thursday morning for further guidance on the direction of monetary policy.
Earnings reports are also expected from Palo Alto Networks and Estee Lauder today.
