NEW YORK (CNNMoney) -- It's a new week but the same story for U.S. markets, with the focus remaining squarely on the fiscal cliff negotiations in Washington.
Stocks opened modestly higher Monday but the gains lacked conviction as the number of fiscal cliff negotiating days dwindle.
The Dow Jones industrial average and the S&P 500 both rose about 0.4%. The Nasdaq gained 0.6%.
After a go-nowhere November, some investors are expecting a rebound in December, if history is any guide. December has been the strongest month of the year for stocks over the past 30 years, as investors close out positions and square portfolios, according to research from Schaeffer's Investment Research. There hasn't been a negative December since 2007.
No major corporate results are due Monday, though data will be released shortly after the opening bell on construction spending and manufacturing, as well as on November auto sales.
Among the movers in early trading, shares of computer maker Dell (DELL, Fortune 500) jumped more than 5% after Goldman Sachs (GS, Fortune 500) upgraded its stock from sell to buy.
Shares of Yahoo (YHOO, Fortune 500) edged lower after a civil court in Mexico issued a non-final judgment of $2.7 billion against Yahoo Inc. and Yahoo de Mexico, S.A. in a breach of contract lawsuit related to a yellow pages listing service.
Bank of America (BAC, Fortune 500) shares rose following reports over the weekend that the bank was backing down on instituting new fees this year that would have impacted more than 10 million customers.
Dean Foods (DF, Fortune 500) announced plans to sell its Morningstar division, which makes "extended shelf-life" products, to Saputo Inc. for $1.45 billion.
Shares of BlackBerry-maker Research in Motion (RIMM) slipped after being downgraded by Canaccord Genuity, which cited concerns about the BlackBerry 10.
U.S. stocks ended November with a thud, as investors remain sidelined by the political gridlock.
Fear & Greed Index
Fresh positive data on China's manufacturing sector gave Asian markets an early boost. But fiscal cliff fears weighed on markets in the region. The Shanghai Composite lost 1%, the Hang Seng declined 0.9% and the Nikkei posted a small gain.
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European markets were higher, taking some comfort from the positive news out of China, and signs of an easing of the eurozone crisis as Greece announced details of a debt buyback linked to its revised EU-IMF rescue.
The dollar lost ground against the Japanese yen, British pound and euro. In commodities market, oil prices jumped 1% to $89.91 a barrel. Gold prices edged higher to $1,715 an ounce.
U.S. Treasuries, meanwhile, sold off, with the yield on the benchmark 10-year note rising to 1.66%. 
First Published: December 3, 2012: 9:44 AM ET
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