Wall Street recorded sharp gains on Monday, with the tech-heavy Nasdaq rallying more than 2% to close at a record high level as oil prices cooled down, Treasury yields eased, and chip stocks soared.
Nasdaq closed at 27,122 on Monday, notching its first record-high close since June 2. S&P 500 neared its record-high close, jumping 1.5% to close at around 7,765. This came as oil prices continued to fall, briefly dipping below $100 per barrel to their lowest level since September 9.
