Wall Street gains modest ground at the opening

US stock indices rose on Monday as markets continue to process the roaring employment data.

Recent strong US labor data curtailed the odds of a Fed interest rate cut in June, with investors now awaiting US inflation data later this week to have a better picture. 

US consumer prices are expected up 0.3% m/m in March, and 3.5% y/y. 

JPMorgan Chase CEO Jaimie Damon warned in his yearly message to investors that US inflation and interest rates could remain higher than expectations due to high government spending. 

On trading, Dow Jones rose 0.1%, or 30 points to 38,934 as of 16:59 GMT, while S&P 500 rose 0.1%, or 6 points to 5210, as NASDAQ added 0.1%, or 23 points to 16,272.