Equities recovered from a sluggish start to settle higher on Monday, with significant gains in technology and communications companies helping to offset losses elsewhere on Wall Street.

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The S&P 500 increased 0.8% after falling 0.2% in the first half. The Dow Jones Industrial Average increased by 0.3%, while the Nasdaq Composite increased by 1.9%.

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Twitter surged 27.1% for the biggest gain in the S&P 500 after the company disclosed that Tesla’s Elon Musk had taken a 9.2% stake in the social media platform. In recent weeks Musk has publicly questioned the company’s commitment to free speech. The gains were a key factor in lifting the broader communications sector and keeping the S&P 500 in the green even as little less than half the companies in the index fell.

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The S&P 500 rose 36.78 points to 4,582.64, the Dow gained 103.61 points to 34,921.88, and the tech-heavy Nasdaq rose 271.05 points to 14,532.55. Smaller company stocks also gained ground. The Russell 200 index rose 4.33 points, or 0.2%, to 2,095.44.

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Apple and other big technology stocks did the heavy lifting Monday, offsetting losses elsewhere. Tech companies, with their pricey stock values, tend to have more weight in pushing the market up or down. Apple rose 2.4% and Microsoft gained 1.8%.

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Retailers and other companies that rely on consumer spending also helped lift the market. Tesla rose 5.6%, Amazon added 2.9% and Home Depot closed 1.2% higher.

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The price of U.S. benchmark crude oil rose 4% and Brent crude, the international standard rose 3%. Prices are up roughly 40% globally, which has put pressure on costs for gasoline and other goods.

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Bond yields mostly gained ground. The yield on the 10-year Treasury rose to 2.41% from 2.38% late Friday. The yield on the two-year Treasury dipped to 2.41% after having moved higher most earlier in the day. The Fed is due to release minutes from its last meeting on Wednesday.

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Markets in Europe closed higher. Asian markets also rose and Hong Kong’s Hang Seng jumped 2.1% after regulators in Beijing said they plan to revise rules regarding access of overseas regulators to full audits of companies that have shares listed in overseas markets.