U.S. stocks closed sharply higher on Monday as traders saw geopolitical tensions easing.
The S&P 500 gained 1 percent to close at 2,465.84, with information technology closing at a record high. The S&P also posted its best day since April 24, when it rose 1.08 percent.
The Dow Jones industrial average rose 135.39 points to end at 21,993.71, with Goldman Sachs, Apple and Boeing contributing the most gains.
The Nasdaq composite outperformed, rising 1.34 percent to 6,340.23, as shares of Tesla, Amazon and Facebook all rose.
Stocks were coming off their second-worst weekly performance of the year, with the S&P 500 falling 1.43 percent.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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