A sharp drop in oil prices lifted technology shares on Monday, driving a broad rally across major U.S. indexes.
The Nasdaq Composite led gains as investors rotated back into growth stocks. Falling energy costs eased inflation concerns that had pressured the sector for weeks.
Chipmakers and software companies posted some of the session’s strongest advances. The move marked a clear shift from recent trading, when rising crude unsettled equity markets.
Oil’s decline came as supply worries faded and traders reassessed global demand. Lower energy prices can reduce costs for businesses and consumers alike.
Investors also pointed to renewed optimism around U.S.-China trade discussions. Any thaw between the two economies could benefit technology firms with deep ties to Chinese supply chains.
Semiconductor stocks were among the biggest winners on the day. The sector remains sensitive to trade policy and cross-border manufacturing.
Analysts cautioned that the rally may hinge on whether diplomatic progress materializes. Without concrete developments, gains could prove short-lived.
