A rebound in technology shares lifted U.S. stocks Monday, helping major indexes recover after last week’s pullback.
Deal activity at software giant Oracle and chip maker Nvidia contributed to the bounce in tech stocks. Both companies’ shares rallied more than 4% after Oracle won the bidding for the U.S. operations of video-sharing app TikTok and Nvidia agreed to buy British chip-designer Arm Holdings in a potentially transformative deal.
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