Dow Jones closes higher, after 5-session losing streak

The main US stock indices closed higher on Monday, after a 5-session losing streak, ahead of the release of key economic data.

The market will turn to the release of the US consumer price index data on Tuesday, which shows inflation trends in the country.

Fed Chairman Jerome Powell stated recently that the central bank might start reducing the size of its bond-buying program before the end of this year.

To the oil market, WTI crude October futures rose rose 1.1% or 73 cents, and closed at $70.45 a barrel.

Brent November futures rose 0.8% or 59 cents, and closed at $73.51 a barrel.

As for stocks, Dow Jones rose 0.7% or 262 points, and closed at 34,869, and hit a day high of 34,939, and a low of 34,665.

S&P 500 rose 0.2% or 10 points to 4,468, after hitting a high of 4,492 and a low of 4,445.

Nasdaq fell 0.1% or 10 points to 15,105 points, with a high of 15,215 and a low of 15,030.