U.S. Stocks Rise on Monday, Led by Energy and Technology Sectors

U.S. Stocks Rise on Monday, Led by Energy and Technology Sectors

U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average gaining more than 100 points. The S&P 500 and the NASDAQ also rose, led by gains in the energy and technology sectors.

The Dow Jones Industrial Average rose 0.35% to 38,811.58, while the S&P 500 gained 0.82% to 5,169.93. The NASDAQ Composite Index climbed 0.95% to 16,309.74.

Energy shares led the gains on Monday, rising 1.5%. Technology stocks also performed well, with the NASDAQ Composite Index rising nearly 1%.

Among individual stocks, Spirit Airlines fell sharply after reporting first-quarter results that missed analysts' expectations. Perficient, Inc. shares surged after the company disclosed an acquisition deal and first-quarter results. Strong Global Entertainment, Inc. shares also jumped after FG Acquisition Corp. announced the proposed acquisition of Strong/MDI Screen Systems and the launch of Saltire Holdings.

In commodity markets, oil prices rose 0.6% to $78.56 per barrel, while gold prices gained 1.1% to $2,333.60 per ounce.

European stocks were also higher on Monday, with the eurozone's STOXX 600 index rising 0.53%. Asian markets closed mixed, with Japan's Nikkei 225 index falling 0.1% and Hong Kong's Hang Seng Index rising 0.55%.

No major economic reports are scheduled for release on Tuesday.