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The Nasdaq is bouncing back as stimulus checks hit bank accounts, GDP expectations grow

Tech stocks led the way as U.S. equity indexes finished higher on Monday — the Dow and S&P closed at record highs and the Nasdaq rose 1%, having now reversed half of its correction from mid-February.

Why it matters: Bullish momentum again powered the market higher, as traders continue to put rising COVID-19 cases in Europe, spiking U.S. Treasury yields and a moribund labor market out of mind.

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