By Liz Moyer

Investing.com — U.S. stocks rose on Monday, as investors sought to project a positive attitude ahead of the release of May’s consumer price index data.

The index rose 0.7% or 250 points at 9:00 AM ET. Meanwhile, the rose 1.2%, and the was up 1.4%.

China eases more restrictions in response to Covid-19-related lockdowns. This good news is for Chinese companies who rely on products and parts made there. In addition, Chinese internet ADRs and stocks boomed after a report that regulators in that country could be winding down their investigation into ride-hailing company DiDi Global (NYSE:), a possible signal the crackdown on tech could be easing. DiDi jumped 59%. Alibaba Group Holdings Ltd shares ADR (NYSE 🙂 rose nearly 8% while Baidu Inc shares (NASDAQ 🙂 rose 5.6%

Spirit Airlines Inc shares rose 3.8% following the sweetening of JetBlue Airways Corp’s (NASDAQ:), offer to discount airline. JetBlue shares dipped 0.3%.

Twitter Inc Shares of (NYSE:) fell by 4% following Elon Musk’s claim that the social media giant was trying to block his access to fake accounts. Musk (NASDAQ: CEO) of Tesla told Twitter Monday in a written statement that the alleged lack of information access was a breach of the takeover agreements.

Apple Inc. (NASDAQ:), shares rose 1.5% before the Worldwide Developers Conference.

Crude oil also rose. The price of a barrel rose 0.5% to $119.47, and rose 0.6% to $120.42. To $1,853, the price rose 0.1%