U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 1% on Monday.

Following the market opening Monday, the Dow traded up 0.60% to 52,186.22 while the NASDAQ rose 1.34% to 25,636.32.

The S&P 500 also rose, gaining, 0.82% to 7,414.51.

Leading and Lagging Sectors Communication services shares jumped by 2.3% on Monday.

In trading on Monday, materials stocks fell by 1%.