A late rally in big technology stocks erased an afternoon slump on Wall Street Monday and left major indexes moderately higher.
The uneven start to May followed a brutal April in which widespread technology sell-offs dragged down major benchmarks.
Facebook’s parent company and chipmaker Nvidia each rose more than 5%.
The S&P 500 rose 23.45 points, or 0.6%, to 4,155.38.
The Dow Jones Industrial Average rose 84.29 points, or 0.3%, to 33,061.50.
The Nasdaq rose 201.38 points, or 1.6%, to 12,536.02.
The Russell 2000 index of smaller companies rose 18.81 points, or 1%, to 1,882.91.
For the year:
The S&P 500 is down 610.80 points, or 12.8%.
The Dow is down 3,276.80 points, or 9%.
The Nasdaq is down 3,108.95 points, or 19.9%.
The Russell 2000 is down 362.40 points, or 16.1%.
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