U.S. stocks ended on a positive note on Monday thanks to some strong buying in the final hour as hopes about a peace deal between Russia and Ukraine helped offset concerns about inflation and imminent monetary tightening by the Federal Reserve.
The major averages all ended higher, with the tech-laden Nasdaq outperforming with a sharp uptick. The Dow, which slipped to 34,552.23 around noon, losing more than 300 points in the process, ended the session with a gain of 94.65 points or 0.27 percent at 34,955.89.
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