Stocks surged on Monday, with major averages posting strong gains to offset losses from Friday. The Nasdaq rose 2.2%, the S&P 500 climbed 1.6%, and the Dow jumped 1.3%. Wall Street rebounded as traders sought to buy stocks at lower levels following a steep drop. Concerns about a U.S.-China trade war eased after President Trump’s more conciliatory comments on social media. The economic calendar remains quiet due to the government shutdown, with key earnings reports from financial giants this week. Semiconductor, computer hardware, and gold stocks saw notable gains, while overseas markets were mixed. Bond markets are closed for Columbus Day.

Read more at Nasdaq: U.S. Stocks Show Substantial Rebound After Last Friday’s Sell-Off