US stocks traded higher on Monday at the start of the first full week of the year, with the tree major averages gaining about 0.6%, fueled by a rally in energy stocks on expectations that US firms would benefit from the reconstruction of Venezuela’s oil infrastructure. Chevron jumped 4.6%, Exxon Mobil gained 2%, and ConocoPhillips surged 5.4%. Consumer discretionary, industrials and financials also booked gains while consumer staples underperformed. Semiconductor stocks also moved higher, with Nvidia up 1.7%, AMD rising 2.6%, and Micron Technology gaining 0.2%. Other megacaps were mixed: Amazon (+1.1%), Meta (0.9%), Alphabet (+0.5%) and Tesla (+3%) advanced, while Microsoft (-0.3%), Apple (-1%) and Broadcom (-1.4%) edged lower. Meanwhile, investors are looking ahead to a busy week of US economic data, highlighted by the December jobs report due Friday.