US equities rebounded well on Monday led mainly by good gains in the technology sector. The Nasdaq surged 280.63 points or 1.6 percent to 18,007.57, the S&P 500 jumped 59.41 points or 1.1 percent to 5,564.41 and the Dow rose 127.91 points or 0.3 percent to 40,415.44. The strength on Wall Street came as tech stocks regained ground following the steep drop seen last week, which saw the Nasdaq plunge by 3.7 percent. Tech sector leader Nvidia (NVDA) helped lead the way back to the upside, spiking by 4.8 percent after plummeting by 8.8 percent last week.
