U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining around 0.1% on Monday. The Dow traded up 0.06% to 45,856.77 while the NASDAQ rose 0.75% to 22,307.16. The S&P 500 also rose, gaining, 0.37% to 6,608.41. Consumer discretionary shares jumped by 1.9% on Monday.

U.S. stocks were mixed, with the Dow Jones index falling more than 100 points on Friday. Shares of IBEX Limited IBEX rose sharply during Friday's session after the company reported better-than-expected fourth-quarter financial results and issued FY26 sales guidance above estimates.

Avidity Biosciences surges 36% on reports that Novartis may eye a deal, with talks said to be early and interest from other suitors possible.