Investors have been pouring money into Japanese stocks. Last week, the Nikkei rose above 15,000. It surpassed the Dow in absolute terms for the first time in three years, according to Bill Stone, chief investment officer at PNC Wealth Management.
Earnings season winds down:Campbell Soup(CPB) reported quarterly earnings that beat expectations.
Home Depot(HD), Best Buy(BBY), Target(TGT) and Hewlett-Packard(HPQ) are due later in the week.
Chesapeake Energy(CHK) shares edged up after the natural gas and oil producer announced its new CEO would be Robert Douglas Lawler, an executive at Anadarko Petroleum(APC).
Gold and silver prices recovered from earlier losses, but both have been under pressure recently.
European markets ended higher, with the DAX leading the gains, although trading was light due to a national holiday in Germany. Meanwhile Asian markets ended with significant gains. Japan's Nikkei jumped 1.5%.