Stocks have moved sharply higher during trading on Monday, regaining ground following the slump seen in the previous week. The major averages have all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge.

Currently, the major averages are off their highs of the session but still firmly positive. The Nasdaq is up 291.10 points or 1.3 percent at 22,396.46, the S&P 500 is up 70.19 points or 1.1 percent at 6,702.38 and the Dow is up 385.92 points or 0.8 percent at 46,944.39.

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