US stock indices rose on Monday with both NASDAQ and SP 500 marking fresh record highs, with Wall Street heading towards quarterly gains.

Canada cancelled the digital services tax aimed at US tech companies in an attempt to revive trade talks with the US.

The Canadian finance ministry said PM Mark Carney and US President Donald Trump will resume trade talks with an aim at reaching a deal by July 21.

US Trade Secretary Howard Lutnick thanked Canada for cancelling the tax, which wouldve tanked any potential trade deal with the US.

Later this week, the Senate will announce its decision on Trump's tax bill, while analysts also await the payrolls report later on Friday.

On trading, Dow Jones rose 0.3% as of 16:15 GMT, or 117 points to 43,942 points, while SP 500 rose 0.2%, or 9 points to 6,182 points, as NASDAQ climbed 0.1%, or 27 points to 20,301 points.