US equity markets closed firmly in positive territory on Monday, with the Dow Jones Industrial Average setting a new record high.
The blue-chip index climbed 0.29% to finish at 53,055.91 points, while the S&P 500 gained 0.72% to end at 7,537.43.
The Nasdaq Composite outpaced the broader market with a 1.12% advance, driven by strength in technology and semiconductor shares.
The rally was underpinned by news that Apple has agreed to extend its partnership with Taiwan Semiconductor Manufacturing Co (TSMC) for the development and supply of custom chips through 2031.
The announcement reinforced investor confidence in the long-term demand for advanced semiconductors, providing a tailwind for chip-related equities across the session.
This marks a continuation of the broad-based rebound that has characterized US markets since the start of the week.