US stock indices gain ground as the week opens up

US stock indices gained ground on Monday amid calm and optimism in the market about the prospects of ending the current cycle of US monetary tightening, following data that showed weakening labor conditions and lower inflation. 

All three stock indices in the US marked strong gains last week, while Dow Jones marked the third weekly profit in row. 

The US market is closing on Thursday for the Thanksgiving holiday, while the Friday session will be truncated, and such short weekly sessions are usually volatile, however November has so far proved incredibly profitable for the S&P 500. 

Now investors await NVIDIA's quarterly results tomorrow, after its stock surged by over 200% so far this year on the back of stellar profits.

On trading, Dow Jones rose 0.2% as of 15:02 GMT to 35,007, while S&P 500 rose 0.3%, or 12 points to 4526, as NASDAQ rose 0.6%, or 88 points to 14,214.