The major USA index futures are pointing to a higher opening on Monday, with stocks likely to see further upside following the higher close seen last Friday.
Technology and industrial companies and retailers were leading the market higher Monday.
The Commerce Department said wholesale inventories rose by 0.4 percent in December after climbing by a revised 0.6 percent in November. The S&P 500 and Nasdaq Composite indices also rose, with both gaining more than 1 percent.
New York's Dow Jones Industrial Average closed more than 400 points, or 1.7%, higher - also helped by details of Donald Trump's budget. The Russell 2000 index of smaller-company stocks was unchanged at 1,477. It took just nine days for stocks to plunge 10 percent from that peak.
The correction was long overdue and may last another few weeks, but there still may be room for US stocks to rise another 10 percent to 15 percent before the end of the year, said Douglas Cohen, a managing director at Athena Capital Advisors.
The gains Monday came after the market slumped into a "correction" last week for the first time in two years. The Standard & Poor's 500, the benchmark for many index funds, gained 1.4 percent to 2,656.
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But some market analysts warned that Monday's quick rise in stock prices may be a sign that after more than a year of market calm, volatility but not necessarily optimism had re-emerged. Apple jumped 4 percent and Bank of America rose 2.6 percent. Chipmaker Applied Materials climbed 64 cents, or 1.3 per cent, to $48.72.
OIL: Benchmark U.S. crude rose 40 cents to $59.69 per barrel in electronic trading on the New York Mercantile Exchange. United States crude traded at around $60.14, while Brent futures were around $63.64. Heating oil fell 2 cents to $1.84 a gallon.
The S&P 500 is down 9.3 percent from the record high it set January 26. A drop of that size is known on Wall Street as a market "correction". Disney agreed to buy Fox's movie and television studios and some cable and global TV businesses in December for $52.4 billion.
Comcast stock slipped 3 cents to $38.54 while Disney added 30 cents to $103.39.
The latest move higher follows news that the White House will unveil a long-awaited infrastructure plan that includes $200 billion in federal infrastructure spending over 10 years. The index rose 1.5 percent Friday but still wound up with its worst weekly loss in more than two years.
High dividend companies continued to struggle. Real estate investment trusts and utilities fared the worst. On the other hand, Nasdaq composite and S&P 500 also increased. Hospital property company HCP fell 86 cents, or 3.7 per cent, to $22.35 and Boston Properties shed $3.48, or 3 per cent, to $111.87.
The gold prices rose because of the depreciation of the dollar.