Nasdaq climbs 3%, on track for best day since August 2015
The Nasdaq Composite Index soared on Monday and was poised for its biggest one-day advance in more than two years as concerns of a potential trade war lessened and technology stocks rallied. The index climbed 3.1%, its biggest increase since August 2015. Technology stocks were among the biggest boosts to the Nasdaq, with Apple Inc. up 4.7% and Microsoft Corp. climbing 7.6% in its biggest one-day advance since October 2015. With the day's advance, the Nasdaq is now up 4.6% thus far this year, and it is 5.5% below an all-time high reached earlier this year. The Dow Jones Industrial Average rose 2.9% on Monday while the S&P 500 was up 2.8%.