US stocks scored moderate gains Monday, extending Friday's sharp rally on hopes that the European Central Bank may soon take action to relieve the eurozone sovereign debt crisis.
The Dow Jones Industrial Average closed at 13,117.51, up 21.34 points, or 0.16 per cent.
The tech-rich Nasdaq rose 22.01 (0.74 per cent) to 2,989.91, while the S&P 500, a broad measure of the markets, climbed 3.24 (0.23 per cent) to 1,394.23.
Wall Street stocks started off the week on a positive note "amid growing optimism that the European Central Bank may be set to restart its sovereign debt purchases," said Charles Schwab & Co. analysts.
Malaysian Inflation Rises To 1.8% In May
Malaysia's consumer price inflation increased in May, data released by the Department of Statistics showed Wednesday. Economists had forecast inflation to stay unchanged.