US stocks trade with modest gains during early trade

Major US equities indices kicked off a new trading week on a slightly positive note as traders tried to shrug off the ongoing currency crisis in Turkey.

A meltdown in the Turkish Lira raise concerns prompted deep fears of a possible contagion into other markets and triggered a widespread selloff across global equity markets on Friday. 

Market focus remains on developments in Turkey, though investors seemed to shake off the near-term risk against the backdrop of the recent healthy corporate quarterly results and firm belief over the underlying strength in the US economy.

Adding to this, a goodish rally in technology shares provided an additional boost and remained supportive of the positive mood during the opening hour of trade on Monday.

At the time of writing this report, the Dow Jones Industrial Average was up around 50-points to 25,355, while the broader S&P 500 Index climbed nearly 7-points to 2,840 and tech-heavy Nasdaq Composite Index traded with gains of over 30-points, around 7,870 level.