The Dow Jones Industrial Average climbed 229.29 points, or 0.76 percent, to 30,211.91. The S&P 500 rose 59.62 points, or 1.61 percent, to 3,773.86. The Nasdaq Composite Index jumped 332.70 points, or 2.55 percent, to 13,403.39.
All the 11 primary S&P 500 sectors ended in green, with consumer discretionary and technology up 2.77 percent and 2.51 percent, respectively, leading the gains.
Shares of U.S. brick-and-mortar video game retailer GameStop plunged more than 30 percent. The stock soared 400 percent last week amid a retail trading frenzy.
U.S.-listed Chinese companies traded mostly higher with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
The market reactions above came after a major setback on Wall Street that saw the three major averages suffer their worst weekly performance since October, amid concerns over speculative trading and a continued spike in COVID-19 infections.
For the week ending Friday, both the Dow and the S&P 500 lost 3.3 percent, while the Nasdaq Composite declined 3.5 percent.
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