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 0.25% to 52,276.40 while the NASDAQ climbed 1.05% to 25,788.54.

The S&P 500 also rose, gaining, 0.68% to 7,508.15.

Leading and Lagging Sectors Communication services shares jumped by 1.6% on Monday.

In trading on Monday, consumer staples stocks fell by 0.3%.