Nasdaq Surges 2% as Big Tech Leads a Broad Rally

Nasdaq Surges 2% arsenic Big Tech Leads a Broad Rally

The “Lag Seven” stocks were giving Wall Street a glimmer of magnificence connected Monday.

The Nasdaq Composite was up 2% successful Monday greeting trading arsenic Big Tech led a broader marketplace rally. The S&P 500 was up 1.6%. The Dow was up 550 points, oregon 1.3%.

Though astir 85% of the S&P 500 stocks were rising, Tesla and the remainder of the beaten-down Mag 7 stocks helped turbocharge the rally.