The US bourse is set to open higher as European leaders get ready to meet.

New York - US stocks opened higher Monday, recovering some of last week's losses when the Dow Jones Industrial Average shed its gains for the year in its worst week since January.

Five minutes into trade, the Dow added 6.84 points (0.04 percent) at 16,500.21.

The broad-based S&P 500 gained 3.18 (0.17 percent) to 1,928.33, while the tech-rich Nasdaq Composite Index rose 14.12 (0.32

percent) to 4,366.76.

US stocks have stubbornly resisted a large correction for more than two years, as buyers have emerged at points of weakness during that time.

All three major indices dropped more than two percent last week.

There are no major US economic releases Monday.

The earnings calendar this week includes the Walt Disney Company and Time Warner. - Sapa-AFP