S&P 500 index opened 0.32% higher while Nasdaq touched rose 0.45% on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets.

Shares of technology heavyweights rose after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States.

Palantir gained 5.3%; Super Micro up 1.6%; Alphabet, Meta rose over 1%.