Citing RTHK and Reuters, U.S. stocks closed higher on Monday: the Dow Jones Industrial Average rose 2.2% to 52,389, the S&P 500 gained 2.4% to 7,549, and the Nasdaq Composite advanced 2.7% to 25,253. Falling oil prices eased inflation concerns, and technology stocks generally rebounded, with the Philadelphia Semiconductor Index surging 6.9%; however, NVIDIA bucked the trend, dropping over 4% to become the sole declining component in the semiconductor index for the day.