The Nasdaq rose more than 2 percent on Monday, with semiconductor shares bouncing back after recent losses.
An index of semiconductors <.SOX> was up 2.3 percent on the day. The index fell about 9 percent over the last two weeks.
The Dow Jones industrial average <.DJI> was up 196.96 points, or 1.66 percent, at 12,055.48. The Standard & Poor's 500 Index <.SPX> was up 20.11 points, or 1.57 percent, at 1,299.31. The Nasdaq Composite Index <.IXIC> was up 53.95 points, or 2.04 percent, at 2,697.62.
(Reporting by Caroline Valetkevitch; Editing by Padraic Cassidy)