Mumbai, Dec. 23 -- The Dow rose 227.79 points (0.5%) to 48,362.68, the Nasdaq climbed 121.21 points (0.5%) to 23,428.83 and the S&P 500 advanced 43.99 points (0.6%) to 6,878.49.

The markets continued to benefit from strength among technology stocks, which led the way higher last Thursday and Friday, with trading activity somewhat subdued amid a lack of major U.S. economic data and some traders taking an early break ahead of the Christmas Day holiday on Thursday.

Shares of Oracle (ORCL) climbed 3.3% after Wells Fargo reiterated its Overweight rating on the software giant while AI darling and market leader Nvidia (NVDA) advanced after a Reuters report said the company plans to begin shipping its second-most powerful AI chips to Chinese cl...