India, April 14 -- Stocks moved sharply higher at the start of trading on Monday and have seen continued strength over the course of the session. The major averages have all shown notable moves to the upside, extending the rally seen over the course of last Friday's session.

Currently, the major averages are off their best levels of the day but still firmly positive. The Nasdaq is up 314.22 points or 1.9 percent at 17,038.68, the S&P 500 is up 83.61 points or 1.6 percent at 5,446.97 and the Dow is up 467.69 points or 1.2 percent at 40,680.40.

Technology stocks have helped lead the way higher after U.S. Customs and Border Protection guidance issued late Friday revealed certain tech products will be excluded from President Donald Trump's "r...