The NASDAQ Composite, led by the tech sector, erased early losses to trade up about 0.35% on Monday, kicking off a shortened trading week with a strong performance. Stocks are looking to maintain the momentum that saw the NASDAQ Composite post its best day. The Dow Jones Industrial Average jumped 1.19%, or more than 500 points, while the S&P 500 rose 0.67%. U.S. stocks rose on Tuesday, fueled by a broad recovery, as growing optimism that the U.S. Federal Reserve will cut interest rates next month was bolstered by recent economic data showing consumer spending and price pressures.
