The New York Stock Exchange's broad S&P 500 index turned upwards on Monday after last week's decline. Strengthened by rising prices in IT shares in particular, the S&P 500 closed at plus 0.7 percent. Nvidia increased by 2.9 percent and Broadcom rose by 4.5 percent.
Even the Dow Jones industrial index and Nasdaq's technology-heavy composite index rose, up 0.4 percent and 1.0 percent, respectively.
Following President Donald Trump's statement about imposing 25-percent tariffs on imported steel, the shares of several steel companies surged. Nucor rose by 5.6 percent and Cleveland-Cliffs increased by nearly 18 percent.
McDonald's shares rose sharply, despite the fast-food giant reporting profit and revenue for last year that did not quite meet analysts' forecasts. Investors instead focused on the fact that McDonald's performed better than expected abroad, particularly in the Middle East and Japan. The share increased by 4.8 percent.
