Dow Jones rises, snaps 5-session losing streak

The main US stock indices opened mostly higher on Monday, and snapped a 5-session losing streak, within recovery from the biggest weekly loss in 3 months.

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

Analysts see that the recent spike in inflation will lead the Federal Reserve to taper its monetary policy.

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.

As for stocks, Dow Jones rose 0.6% or 216 points to 34,824 as of 14:15 GMT, and S&P 500 rose 0.1% or 3 points to 4,462, while Nasdaq fell 0.5% or 76 points to 15,039.