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U.S. stocks rose on Monday as key technology names advanced and oil prices and Treasury yields slipped, with Wall Street looking to recover
from a mostly lower week.
The Dow Jones Industrials leaped 257.44 points to 51,940.08
The S&P 500 Index headed higher 91.17 points, or 1.2%, to 7,638.87.
The NASDAQ Composite surged 467.14 points, or 1.8%, to 26,989.68.
The broader market was supported by a rise in artificial intelligence-related stocks. Shares of Intel popped 13%, while Advanced Micro Devices added 9% and hit $1 trillion in market cap. Others such as Qualcomm increased 6%.
Prices for the 10-year Treasury bounced, lowering yields to 4.96% from Friday’s 5.01%. Treasury prices and yields move in opposite directions.
Oil prices retreated $4.48 to $95.82 U.S. a barrel.
Gold prices went south $36.50 to $4,388.40 U.S. an ounce.
