(CNBC) — U.S. stocks climbed on Monday as the technology sector and shares benefiting the most from the economic reopening led the advance.
The Dow Jones Industrial Average rose 186.14 points, or 0.6%, to 34,393.98. The S&P 500 gained 1% to 4,197.05, boosted by the tech and communication services sectors. The Nasdaq Composite popped 1.4% to 13,661.17 as Alphabet, Facebook and Microsoft all jumped more than 2%.
Tech stocks gained to shake off another rough period for bitcoin over the weekend as the cryptocurrency bounced Monday. The cryptocurrency dropped under $32,000 on Sunday, only to rebound 20% to above $39,000 on Monday. Last Wednesday, bitcoin prices tumbled to just above $30,000, dropping to the lowest level since late January.
