(CNBC) — Stocks rose Monday as traders looked ahead to Tuesday’s key inflation report, regaining their footing after the S&P 500 and Nasdaq Composite suffered their worst weekly declines in nearly two months.
The Dow Jones Industrial Average closed 377 points higher, or 1.11%, its best daily performance in February. The S&P 500 climbed 1.15%, and the Nasdaq Composite advanced 1.48%.
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Microsoft led the Dow’s gains, rising 3%. Nike, Salesforce and Intel also boosted the index, up 2.5%, 2.3% and 2.61%, respectively. The technology sector was the best performer on the Dow, up 1.9%.
