U.S. indices were starting the holiday-shortened week on a positive note as markets look to book their sixth consecutive week of gains.
The Dow Jones Industrial Average and Nasdaq were both up 0.2% midday while the S&P 500 recovered from its earlier declines to climb 0.04% midday.
Over the past five weeks, the S&P has shot up 13% from its mid-February low as crude prices help prop up a market that was in dire straits at the beginning of the year.
Oil prices were advancing $0.10 to $41.30 per barrel while West Texas crude contracts for April delivery were up $0.54 to $39.98.
Starwood Hotels & Resorts (HOT) is helping lead the way higher Monday after agreeing to an upsized bid from Marriott International (MAR) that values the company at about $13.6 billion. The new agreement supersedes the unsolicited merger Starwood agreed to with a consortium led by China's Anbang Insurance Group.
Paint maker Valspar (VAL) was up nearly 25% after the company agreed to be acquired by rival Sherwin-Williams (SHW) for $113 per share.
Real Money's Jim Cramer will be watching the earnings release of Mattress Firm (MFRM) after the closing bell Monday. Cramer is not a fan of the name and the stock is having a middling day ahead of its release.
Other earnings releases to look forward to this week include Nike (NKE) -- which Cramer is bullish on -- Red Hat (RHT) and Five Below (FIVE). Wednesday will see the release of General Mills' (GIS) latest quarterly results, Cramer is confident in GIS, PVH (PVH) and KB Home (KBH). Accenture (ACN), Finish Line (FINL), Signet Jewelers (SIG) and GameStop (GME) close out the earnings week on Thursday.
Finally, Action Alerts PLUS holding Apple (AAPL) was down slightly following the unveiling of its new smaller iPhone on Monday. The company also announced that it is slashing the price of its Apple Watch to $299 from its former starting price of $349.