The S&P 500 and the Nasdaq closed higher on Monday as shares of chipmaker Nvidia jumped following a bullish note from Morgan Stanley, leading other megacap growth stocks higher as investors awaited earning reports from U.S. retailers.

Nvidia's gain pushed the information technology index higher, making it the strongest of 11 S&P 500 sector indexes.

US STOCKS-S&P 500, Nasdaq end higher as Nvidia surge leads megacap gains comes via ChinaTechNews.com.