Monday delivered a broad-based rally on Wall Street, with technology stocks leading the charge and pushing all major indices firmly into the green. The Nasdaq was the standout performer, surging 2.77% to close at 26,915.36, while the S&P 500 added 1.55% to finish at 7,742.74. The Dow Jones Industrial Average posted a more measured gain of 0.76%, closing at 51,650.54, and the small-cap Russell 2000 tacked on 0.52% to settle at 2,844.38.
The session's undisputed star was Meta Platforms, which exploded 11.34% higher to $741.25 — a move that single-handedly lifted sentiment across the mega-cap tech landscape and provided significant upward momentum to both the Nasdaq and the S&P 500. A gain of that magnitude from a company of Meta's scale signals something meaningful changed in the market's perception of its earnings power or strategic direction.
Gold continued to assert its status as a store of value, holding at $4,350.31 — a level that reflects persistent long-term demand even amid a strong equity rally. The precious metal's elevated price suggests that while risk appetite is clearly alive, some investors remain hedged against broader macro uncertainty.
Overall, Monday felt like a session where conviction returned to the market. Breadth was positive across all four major indices, and the magnitude of the Nasdaq's move suggests institutional money was actively deploying into growth names rather than simply riding momentum.