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<span>STORY: Wall Street’s main indexes closed higher on Monday, with the Dow gaining about half a percent, the S&P 500 adding nearly two-thirds of a percent and the Nasdaq climbing half a percent.</span><span>Technology shares continued their rebound from late last week, with Nvidia, up 1.5%, providing the biggest lift to the S&P 500. Reuters reported the company has told Chinese clients it aims to start shipping its second-most powerful AI chips to China before the Lunar New Year holiday in mid-February.</span><span>Among other sectors, financials, materials and energy also posted strong gains. </span><span>Sam Stovall is chief investment strategist at CFRA Research.</span><span>”We’ve just finished up the mid-December low when investors tend to unload their unprofitable trades, therefore being able to do some tax loss harvesting. And now they’re putting their money back to work in areas that they feel have some potential for at least the near term.”</span><span>Among other stock moves, shares of Micron Technology rose 4%, extending gains from last week when the chipmaker’s strong forecasts re-ignited optimism around AI-related shares.</span><span>Shares of Tesla gained 1.5% and touched an intraday record high after CEO Elon Musk’s 2018 pay package was restored late Friday by the Delaware Supreme Court. The ruling made Musk the first person to be worth about $700 billion, and came two years after a lower court struck down the compensation deal as “unfathomable.” </span><span>And shares of Warner Bros Discovery rose 3.5% after Oracle co-founder Larry Ellison said he’d personally guarantee more than $40 billion of equity financing for Paramount Skydance’s offer to acquire the company. Paramount’s stock rose more than 4%, while shares of Netflix, a rival bidder for Warner Bros, fell more than 1%.</span>