U.S. stock indices rose by the end of Monday session despite declines in European equities and persistent low oil prices. Trading volumes are likely to be relatively low this week.

The Dow Jones Industrial Average rose 122.87 points, or 0.7%, to 17,251.42. The S&P 500 gained 15.60 points, or 0.8%, to 2,021.15. The Nasdaq Composite gained 45.84 points, or 0.9% to 4,968.92.

Data showed that the Chicago Fed National Activity Index declined to -0.30 in November from -0.17 in October marking the fourth negative reading in a row. Analysts had expected the index to climb to +0.10. A reading below 0 suggests that the economy's growth pace was below average.

This morning in Asia Hong Kong Hang Seng edged down 0.04%, or 8.73, to 21,782.95. China Shanghai Composite Index fell by 0.35%, or 12.86, to 3.629.62. The Nikkei climbed 0.09%, or 16.25, to 18,932.27.

Asian indices traded mixed. Japanese stocks were supported by gains in U.S. stocks.

Chinese stocks traded range-bound after the country's government signaled it may stimulate the economy further.