(CNBC) -- Stocks jumped Monday to start a holiday shortened week, boosted by strong tech gains led by Microsoft and Nvidia.
The Dow Jones Industrial Average gained 203.76 points, or 0.58%, to close at 35,151.04 . The S&P 500 added 0.74% and ended at 4,547.38, while the Nasdaq Composite climbed 1.13% to close at 14,284.53. It was the fifth consecutive day of gains for the S&P 500 and the tech-heavy Nasdaq.
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Microsoft shares were up 2%, reaching a new 52-week high, after CEO Satya Nadella said former OpenAI chief Sam Altman will be joining the tech giant to lead a new AI research team.