Major indices are starting the week off with a nice move into the green.

Meanwhile, commodities are falling, with gold losing 2.05% as investors rotate to more risk-on assets.

All sectors are moving higher, with Consumer Discretionary (XLY) and Technology (XLK) leading the way. Defensive sectors like Consumer Staples (XLP) and Utilities (XLU) are lagging.

Consumer Discretionary (XLY) is getting a boost from cruise liners, as they help fill out the top movers in the sector.

As for Technology (XLK), semiconductor names are leading the sector higher.

The Ten-Year Yield (TNX) is down 7.1 basis points and moving below the 4.5% level.

On the economic front, May Consumer Confidence increased by 12.3 points to 98 from 85.7 in April and above estimates of 87. Notably, the Present Situation Index rose by 4.8 points, while the Expectations Index surged by 17.4 points.