Composite suffered their worst weekly declines in nearly two months.
The Dow Jones Industrials hiked 377.05 points, or 1.1%, to close Monday at 34,246.32.
The S&P 500 improved 46.94 points, or 1.2%, to 4,137.40.
The NASDAQ Composite spiked 173.67 points, or 1.5%, to 11,891.79.
Microsoft led the Dow’s gains, rising 3%. Nike’s hike of 2.5%, Salesforce’s gain of 2.3%, and Intel’s improvement of 2.6%. The technology sector was the best performer on the Dow, up 1.9%.
So far, investors seem to be betting on a solid CPI print on Tuesday that shows inflation is cooling and that a pause or pivot in Fed rate hikes may be near.
On Tuesday, January’s consumer price index report will be released, showing if price increases have continued to slow amid the central bank’s rate hikes.
The final leg of earnings season also continues this week, with Coca-Cola, Marriott, Cisco, Marathon and Paramount. So far, companies have reported worse-than expected results, making this year the worst earnings season in more than two decades, excluding recessions, according to Credit Suisse.
Prices for the 10-year Treasury gained slightly, lowering yields to 3.71% from Friday’s 3.75%. Treasury prices and yields move in opposite directions.
Oil prices lost 37 cents to $79.35 U.S. a barrel.
Gold prices plummeted $10.50 to $1,864.00 U.S. an ounce.