The Dow Jones Industrial Average was up 1.5%; the S&P 500 Index advanced 2%; and the Nasdaq was up 2.8%.
Investors applauded the decision of the chip giant Intel from taking Mobileye public in mid-2022, driving its shares higher by 5%. The Philadelphia SE Semiconductor Index earned 3.5%, rebounding from a low of nearly a month the day before.
Ten of the top 11 S&P sectors were advancing, with a 2.5% improvement in information technology, which includes companies such as Visa, Mastercard, Salesforce.com y Apple.
Major Wall Street indices closed higher on Monday as upbeat comments from a US omicron authority encouraged investors.
The fear index, the VIX, also fell from a 10-month high hit last week., when fears around the new variant of the virus and aggressive comments from the Federal Reserve shook investors.
High growth stocks like Nvidia and Tesla They were hit in recent days as investors turned to sectors such as energy and banks on expectations that the Fed will tighten its monetary policy more quickly to slow the acceleration of inflation.
Other mega-capitalization technology actions, such as Alphabet, Microsoft and Amazon earned between 1.9% and 2.1%, helping the Nasdaq outperform its peers.
Source From: Ambito
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