S&P 500 hits highest level since February as tech stocks spike

US stocks erased early losses and climbed on Monday as tech giants soared and investors cheered positive COVID-19 drug trial results.
Tech mega-caps including Apple, Microsoft, Netflix, and Facebook all soared as investors continued crowding in popular stay-at-home trades.
AstraZeneca and Synairgen both revealed optimistic trial data for their experimental coronavirus vaccines, though only the latter's stock jumped.
Oil similarly reversed its slide and traded higher, with West Texas Intermediate