The Dow Jones Industrials moved emphatically out of the red to gain 103.81 points, and end Monday at 34,807.33
The S&P 500 was ahead 36.78 points to 4,582.64.
The NASDAQ Composite leaped 271.05 points, or 1.9%, to 14,532.55.
Tech shares, which were among the hardest-hit sectors in the first quarter as investors feared the Fed’s rate-hiking plans could hinder the group, rose on Monday.
Twitter shares gave the NASDAQ a lift after surging more than 27% following news that Elon Musk purchased a 9.2% passive stake in the company.
Tesla’s stock also rose 5.6% on the back of its latest quarterly electric vehicle delivery figures on Saturday, which came in above the year-earlier period.
Technology companies including Apple, Amazon, Alphabet and Nvidia were also up more than 2%. U.S.-listed Chinese tech stocks, including Alibaba and JD.com, also rallied.
Meanwhile, shares of Starbucks dipped 3.7% after the coffee chain suspended its share buyback program.
April is typically one of the best months for stocks, edging higher in the last 20 years by 2.41% on average, MKM Partners’ JC O’Hara wrote in a note. Within 16 of the last 17 Aprils, the S&P has also inched higher.
Treasury prices sagged, with yields leaping to 2.41%, from Friday’s 2.37%. Treasury prices and yields move in opposite directions.
Oil prices regained $4.25 to $103.52 U.S. a barrel.
Gold prices surged $10.80 to $1,935.70 U.S. an ounce.