(Image by Sergei Tokmakov, Esq. from Pixabay)
(CNBC) -- The S&P 500 and Nasdaq Composite gained on Monday as traders shook off recession fears and bought technology shares that were beaten up in the first quarter.
The Dow Jones Industrial Average traded 103.61 points, or 0.3% higher. The S&P 500 gained 0.81% and Nasdaq Composite advanced 1.9%.
Tech shares, which were among the hardest-hit sectors in the first quarter as investors feared the Fed’s rate-hiking plans could hinder the group, rose on Monday.
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