NEW YORK, Feb. 13 (Xinhua) -- Wall Street's major averages rallied on Monday, boosted by solid gains in tech shares.

The Dow Jones Industrial Average rose 376.66 points, or 1.11 percent, to 34,245.93. The S&P 500 added 46.83 points, or 1.14 percent, to 4,137.29. The Nasdaq Composite Index increased 173.67 points, or 1.48 percent, to 11,891.79.

Ten of the 11 primary S&P 500 sectors ended in green, with technology and consumer discretionary up 1.77 percent and 1.46 percent, respectively, outpacing the rest. Energy slipped 0.6 percent, the lone declining group.

Shares of major tech giants such as Microsoft, Apple, Amazon, Meta Platforms, and Netflix all closed noticeably higher.

Investors awaited a slew of economic highlights this week, including the U.S. consumer price index for January on Tuesday, retail sales data on Wednesday, and the producer price index on Thursday.

U.S. equities declined last week amid concerns over higher interest rates. For the trading week ending Feb. 10, the Dow fell 0.17 percent, the S&P 500 slid 1.11 percent and the tech-heavy Nasdaq lost 2.41 percent.