U.S. equities climbed Monday on reduced geopolitical risks and a recovery in technology shares after last week’s losses.
Wall Street’s main indexes closed higher Monday, led by a rebound in technology stocks and easing U.S.-Iran tensions. The Dow gained 0.6%, while the S&P 500 advanced, recovering from last week’s selloff.
Investors shifted focus away from geopolitical concerns after a de-escalation in Middle East tensions. Technology stocks, which faced pressure last week, rallied sharply, contributing to the broader market gains.
The move reflected relief in sentiment, though trading volumes remained subdued ahead of key economic data later in the week.