Dow closes 1,104 points higher as Wall Street rebounds from tech rout

The Dow Jones closed up 1,104 points, a gain of 2.15%, when the bell rang Monday. The Nasdaq 100 outran it with a 3.40% jump, and the S&P 500 finished 2.34% higher. The rally capped a session that started in the green and kept building, with reaction to the midterm elections slowly settling.

The rebound follows last week's sharp selloff in technology shares, which had dragged futures lower before Monday's open. At the opening bell the Dow was already up 1.07%, or 550 points, with Amazon ahead 5.05% and AMD surging 5.28%. By 10:54 am ET the Dow's gain had widened to 1.75%, or 895 points, while the Nasdaq 100 sat at 3.13% and the S&P at 2.12%.

Oil prices slid after President Donald Trump said fresh attacks are 'highly unlikely' if negotiations with Iran progress, a comment that kept the Middle East in focus as Washington and Tehran appear headed toward serious discussions. Lower crude and strong corporate earnings both fed the mood, according to Breaking The News. The euro gained 0.70% on the dollar, trading at 1.12204 just before 4:00 pm ET.

Next up: inflation figures land Tuesday before the opening bell, the number investors had been bracing for all day. Earnings season rolls on too, with Skydance the biggest name on the calendar after Monday's close.