S&P 500 rises 2.35% to 7,549.94, its best day since April 8

The S&P 500 rose 2.35% on Monday to 7,549.94, its best day since April 8. Oil prices fell, and technology shares rebounded from last week's sell-off.

The Dow added 1,104.02 points. That was a gain of 2.15%, to 52,389.75. The Nasdaq Composite rose 2.74% to 25,253.14. A separate count of the same closes put the S&P 500 gain at 173.08 points, or 2.3%, and the Nasdaq gain at 673.71 points, or 2.7%. The Dow point gain matched in both accounts.

All 11 major S&P 500 sectors rose. A market report said each of the 11 sector indexes finished higher, and that nine rose more than 1%. Industrials and consumer discretionary were the top groups, each up more than 3%. An afternoon market account had energy as the only sector in the red. The close report said every sector finished up.

Nvidia fell while the chip group rose. A market report said Nvidia tumbled 4.2% and closed at its lowest level since April 7, as the company investigates whether a foreign intelligence effort targeted chief executive Jensen Huang. A live market account said the shares closed down 4%. The Philadelphia semiconductor index rose 6.9% in the close report. Advanced Micro Devices rose 13.3% in that account.

Oil settled sharply lower. A live market account said West Texas Intermediate futures fell 4.38% to $86.85 a barrel, and that Brent fell 5.85% to $92.57. A market report said the drop came as President Donald Trump downplayed the likelihood of renewed strikes on Iran.

Inflation reports are due this week. The consumer price index for October is scheduled for Tuesday. The producer price index is scheduled for Friday.