At the close, the broad S&P 500 index rose 1.5 percent and the tech-heavy Nasdaq's composite index gained 2 percent, while the Dow Jones industrial index ended up 1.3 percent.
Among the so-called "magnificent seven" companies, all advanced, except for e-commerce giant Amazon, which fell 1.4 percent. At the forefront were Facebook's parent company Meta and semiconductor manufacturer Nvida, which rose 3.5 and 3.6 percent, respectively.
Index-heavy Tesla rose 2.2 percent after the electric car manufacturer's board approved the allocation of 96 million shares to CEO Elon Musk, worth approximately 300 billion kronor. The compensation assumes that Elon Musk remains as CEO until August 3, 2027.
Musk has previously threatened to leave the company - and in a statement, Tesla's board writes that it is "more important than ever before to retain Elon Musk".
Streaming giant Spotify also rose 5 percent after the company announced on Monday that it would raise prices. According to Dagens industri, this is the first time since 2023 that Spotify has raised prices in Sweden.
Clothing chain American Eagle surged 23.7 percent after US President Donald Trump expressed his support for the company's advertising campaign for jeans, in which American actress Sydney Sweeney has been accused of racist undertones.
