The S&P 500 rose slightly on Monday as Wall Street attempted to maintain its momentum from last week’s strong performance.

The S&P 500 climbed inched up 0.15%, and the Nasdaq Composite advanced 0.35%.The Dow Jones Industrial Average added 10 points.

Nvidia shares rose more than 1% boosted by optimism for Bank of America ahead of its earnings report. Tesla rose 1% following a Reuters report that the company plans to build electric vehicles at its Berlin factory that will sell for 25,000 euros.

All of the major averages are coming off their best weeks of the year, kicking off November trading on a positive note. The Dow ended last week up by 5.1% for its biggest weekly advance since October 2022. The S&P advanced 5.9% in that time, and the Nasdaq Composite jumped 6.6%. It was the best week since November 2022 for both indexes. A soft monthly jobs report also drove bond yields lower, giving a boost to equities.

“The stock market has had a strong start to November, and the move seems deserved in light of what we’re seeing in most, though admittedly not all, of our sentiment indicators,” wrote Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets.

“Generally, our view over the last month or so has been that if the surge in yields stopped soon, US equities could escape without incurring too much additional damage,” she added.

This week will be light on economic data and company earnings, but seasonal tailwinds could help propel the recovery in stocks. November is the best-performing month for the S&P 500, according to the Stock Traders’ Almanac. LPL Financial’s Adam Turnquist noted that it also kicks off the best six-month return period for the market since 1950. The S&P has generated an average return of 7% from November through April since then, he said.

Earnings season is winding down, with more than 400 S&P companies having already reported quarterly financial results. Investors this week await updates from Walt Disney, Wynn and MGM Resorts, Occidental Petroleum and D.R. Horton.

Traders will also be watching Federal Reserve Chair Jerome Powell, who is scheduled to speak twice in the coming days. Last week, the central bank kept rates unchanged for a second straight meeting as bond yields tumbled. Investors are hoping the Fed’s rate-hiking campaign may be nearing an end.