(RTTNews) - U.S. stocks moved firmly on Monday, supported by lower Treasury yields and easing concerns about inflation due to a sharp drop in oil prices. The major averages opened solidly higher and continued to track higher as the day progressed, ending at session highs. The Dow climbed 366.19 points or 0.71 percent to finish at 52,048.83, while the NASDAQ soared 599.55 points or 2.26 percent to close at a record high of 27,122.09 and the S&P 500 gained 114.20 points or 1.49 percent to end at 7,764.70. The tech-heavy NASDAQ led the rally amid renewed optimism about outlook for large AI hyperscalers, with Advanced Micro Devices (AMD), Seagate, Intel, Western Digital and Marvell all posting standout gains.
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