Dow Reaches Record Closing High As Tech Stocks Rebound Strongly

After moving seeing significant volatility early in the session, stocks moved sharply higher over the course of the trading day on Monday. The major averages all moved to the upside, with the Dow reaching a new record closing high above 52,000.

The Dow gave back some ground late in the day, but the Nasdaq and S&P 500 closed near their session highs. The Nasdaq surged 522.53 points or 2.1 percent to 25,820.14, the S&P 500 jumped 86.41 points or 1.2 percent to 7,440.43 and the Dow climbed 306.63 points or 0.6 percent to 52,182.74.