(CNBC) -- Stocks rose on Monday, erasing sharp losses from earlier in the day, as shares of technology companies posted strong rebounds across the board.
The Dow Jones Industrial Average closed 34.31 points higher at 24,423.26, erasing a 507-point drop. The S&P 500 rose 0.2 percent to 2,637.72 while the tech-heavy Nasdaq Composite jumped 0.7 percent to 7,02.52.
Facebook shares rose 3.2 percent while Amazon, Netflix and Alphabet all rose more than 0.6 percent. Apple, meanwhile, erased a more than 2 percent pull back to close 0.65 percent higher.
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