New Delhi, Aug. 3 -- Major US stock indices climbed on Monday after signs of easing geopolitical tensions in the Middle East sent crude oil prices sharply lower, boosting investor sentiment.

Market participants are now turning their attention to another busy week featuring corporate earnings and key economic releases. Investors will closely monitor the July US jobs report along with quarterly results from companies including Disney, McDonald's and SpaceX.

At 11:44 a.m. ET the Dow Jones Industrial Average rose 553.78 points, or 1.06%, to 53,038.81, the S&P 500 gained 91.12 points, or 1.22%, to 7,580.84. The Nasdaq Composite jumped 474.51 points, or 1.87%, to 25,848.37.

At the opening bell, the Dow Jones Industrial Average gained 274 poi...