US stock indices rose on Monday while heading for a monthly profit in July amid speculation the Federal Reserve will end the current cycle of policy tightening.
Hopes for reducing inflation without causing recession in the US seem to be on the rise, following recent strong labor data and corporate quarterly earnings.
Corporate results for the second quarter of the year continue to come out, with Apple and Amazon reporting results this week.
On trading, Dow Jones rose 0.1%, or 22 points as of 16:35 GMT to 34,481, while S&P 500 rose 0.1%, or a point to 4583, while NASDAQ climbed 0.1%, or 7 points to 14,324.