Technology stocks carried last week’s momentum into Monday’s session by outpacing the broader market. By midday, electric-vehicle and chip makers were leading the charge.
The
Nasdaq Composite
was up 2.1% while the
S&P 500
was up 1%. If the gains hold, it will have risen 4.7% over the last two trading days. The
Nasdaq-100
—shares of the 100 largest Nasdaq-listed nonfinancial firms—was up 2.2%. It was on track to close up 5.1% over the past two trading days.