(CNBC) — Stocks rose Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness.
The Nasdaq Composite rallied by 1.14% to 13,917.89. The S&P 500 gained 0.67% to 4,487.46. The Dow Jones Industrial Average rose 87.13 points, or 0.25%, to 34,663.72, aided by a rise in Walt Disney shares.
Tesla shares jumped 10% after Morgan Stanley upgraded the stock and predicted a significant rally ahead because of breakthroughs with its autonomous software. Qualcomm shares rose nearly 4% after the semiconductor company said Monday it will supply Apple with 5G modems for smartphones through 2026.
