India, July 6 -- The Nasdaq Composite led Wall Street higher on Monday, closing at 26,108.09, up 275.42 points (+1.07%), as investors poured back into technology and semiconductor stocks. After last week's sell-off, optimism surrounding artificial intelligence (AI), cloud computing, and chip demand sparked a strong rebound across the tech sector. Adding to the positive sentiment, reports that SpaceX could benefit from a fast-track Nasdaq listing program further boosted investor confidence in growth stocks.

Here's a closer look at what drove the Nasdaq higher, the biggest winners and losers, and what investors should watch next.

US Market Snapshot

The Nasdaq was the best-performing major US stock index of the day, outperforming the S&P ...