The S&P 500 Index ($SPX) (SPY) on Monday rose +0.67%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed +0.93%. March E-mini S&P futures (ESH25) rose +0.62%, and March E-mini Nasdaq futures (NQH25) rose +0.84%.
Stocks on Monday rallied on strength in tech and chip stocks. Stocks were also boosted by the fact that Congress passed a stop-gap funding bill last Friday and averted a US government shutdown, which would have been negative for the US economy. The stop-gap bill funded the government through mid-March 2025.
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