U.S. stocks surged in morning trading on Monday, with the Dow Jones Industrial Average jumping more than 600 points as a sharp slide in oil prices offered relief to financial markets recovering from last week's technology sector volatility.
The Dow Jones Industrial Average climbed 619 points, or 1.2%, shortly after the opening bell. The broader S&P 500 advanced 0.9%, and the technology-heavy Nasdaq Composite moved up 0.8%, fueled by broad gains across the tech sector despite a notable drop for Nvidia.
Energy markets experienced significant downward pressure, as U.S. West Texas Intermediate futures and international benchmark Brent crude both dropped 4%. WTI traded around $87 per barrel, while Brent hovered near $93 per barrel.
While Nvidia shares dropped roughly 5% following news that the chipmaker's board launched an independent investigation into CEO Jensen Huang's relationship with a businesswoman flagged by U.S. intelligence agencies, other major tech stocks advanced. Broadcom and Advanced Micro Devices each rallied 5%, and several "Magnificent Seven" peers—including Amazon, Tesla, Alphabet, and Microsoft—posted gains.
Investors are closely monitoring upcoming economic data releases, including the consumer price index on Tuesday and the producer price index on Friday, to gauge the Federal Reserve's next policy moves.
