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S&P 500, Nasdaq close higher Monday as tech stocks make a comeback: Live updates

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The S&P 500 and the Nasdaq rose Monday as Wall Street was lifted higher by a rebound in chip stocks and tech names. The Dow added 0.07%. The S&P 500 rose 0.58%. The Nasdaq gained 1.05%.

"We believe we have a compelling case that the government should be not only approving, but enthusiastically supporting this deal" CEO Lourenco Goncalves said in an interview with CNBC's "Squawk on the Street."

"This is a deal for people who understand M&M, not people that hide behind consultants," Goncalves added.3 Hours AgoEnergy stocks remain in an uptrend and are showing the best price dynamics of any other group in the stock market in recent weeks, Strategas Research technical analyst Chris Verrone wrote to clients premarket Monday.

"Energy stocks remain firm with roughly 75% of the sector trading to a fresh 3-month high last week," Verrone wrote Monday. "We've been very vocal in documenting the sector's improvement over the last few months, and with over 90% of issues above the 200-day , Energy remains in an envious technical condition even as the broader market comes in."

He said attention is now on shelter inflation falling, though other gauges of rent prices show a disinflationary trend. Yardeni said it's "baked in the cake" that lower rent inflation will come.CNBC's "Squawk on the Street."

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