Stock Market Today: Wall Street Rallies Near Record Heights as Big Tech Stocks Recover; Oil Tumbles

Stock Market Today: Wall Street Rallies Near Record Heights as Big Tech Stocks Recover; Oil Tumbles
The American flag at the New York Stock Exchange in New York on June 29, 2022. Julia Nikhinson/AP Photo
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NEW YORK—Wall Street rallied Monday to claw back almost all the losses from its slow start to the year.

The S&P 500 jumped 1.4 percent to pull within 0.7 percent of its all-time high set two years ago. It’s a return of momentum for Wall Street’s main measure of health, which was coming off its first losing week in the last 10.