Wall Street moved higher with technology stocks as investors awaited Federal Reserve Chair Janet Yellen's semiannual testimony to Congress and the start of the latest quarterly earnings season.
Yellen will testify before the House Financial Services Committee on Wednesday and before the Senate Banking Committee on Thursday. Her comments will be scrutinised for fresh clues on the timing of the Fed's third rate hike this year as well as the unwinding of its balance sheet.
Also, JPMorgan Chase, Citigroup and Wells Fargo are among companies slated to report their latest quarterly results this week.
In 3.18pm trading in New York, the Dow Jones Industrial Average rose 0.05 percent, while the Nasdaq Composite Index gained 0.4 per cent. In 3.02pm trading, the Standard & Poor's 500 Index added 0.2 per cent.
The Dow moved higher as advances in shares of Visa and those of Nike, recently up 1.3 per cent and 1.2 per cent respectively, outweighed declines in shares of Wal-Mart Stores and those of Intel, recently 2.4 per cent and 0.9 per cent weaker respectively.