By Sruthi Shankar
General Electric rose 2.2 percent and was the biggest boost to the Dow.
The advances followed a near 2 percent gain for the main indexes on Friday after data showed sluggish wage growth in February, easing concerns about the Federal Reserve moving too fast on interest rate hikes.
Traders of U.S. short-term interest-rate futures kept bets the Federal Reserve will stick to three rate hikes this year.
A month ago, the markets were gripped by fears of higher wages leading to price pressures, triggering a selloff that dragged the main indexes to correction territory.
Investors will pore over the next round of data on consumer prices and retail sales due this week for signs of rising price pressure.
Ten of the 11 major S&P sectors were higher, led by 0.62 percent gain in consumer discretionary stocks.
Oclaro jumped 25 percent and was the most traded stock after laser and optical fibre specialist Lumentum Holdings said it would buy the optical components producer for $1.7 billion. Lumentum's shares rose 3.8 percent.
Advancing issues outnumbered decliners on the NYSE by 1,592 to 877. On the Nasdaq, 1,509 issues rose and 860 fell.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)