US stock markets rallied on Monday, driven by renewed buying interest in the technology sector following a period of sharp declines.

The rebound marks a continuation of the recovery seen earlier in the week, as investors appeared willing to buy the dip in artificial intelligence and growth stocks after significant selling pressure.

The S&P 500 and Nasdaq Composite both posted gains, extending the rally that began on Friday.

The broad-based recovery suggests that the recent volatility in the tech sector has attracted buyers looking for entry points after the steep sell-off.

Technology giants, which had been under pressure, led the advance, signaling a potential stabilization in sentiment for high-growth names.

This development follows a turbulent week for Wall Street, characterized by significant losses in the technology sector.