US stocks jumped on Monday with finance and technology shares providing much of the upside muscle, as upbeat quarterly earnings results revived risk appetite and investors grew less fearful about regional bank credit quality.

A broad rally sent all three major US stock indexes to a sharply higher close.

"It's a good, solid, across-the-board move, there's not a lot of negative in the market," said Paul Nolte, senior wealth advisor & market strategist at Murphy & Sylvest in Elmhurst, Illinois. "There’s some relief from the financials... investors are looking at it as maybe a bit of an overreaction on the downside last week."

"As far as the market’s concerned, everything is wonderful again."

Apple stock touched a record high, while Meta, Netflix and Alphabet gained between 1.3 percent and 3.3 percent.

Sentiment was given an extra boost by White House economic advisor Kevin Hassett, who said the federal government shutdown is likely to end this week.

With the federal shutdown entering day 20, investors and policymakers have had to feel their way forward amid the resulting data blackout.

But on Friday the US Labor Department will make an exception by releasing its September consumer price index (CPI), which will provide the data dependent US Federal Reserve with a glimpse at the state of inflation and perhaps an indication regarding the extent to which US President Donald Trump's tariffs are affecting price growth.

In the ongoing trade skirmish between Washington and Beijing, Trump suggested easing tariffs on China if Beijing resumes key agricultural purchases including soybeans. Trump blamed the latest showdown on China's rare earth export controls.

The Dow Jones Industrial Average rose 515 points, or 1.1 percent, to 46,706, the S&P 500 gained 71 points, or 1.1 percent, to 6,735 and the Nasdaq Composite gained 310 points, or 1.4 percent, to 22,990. (Reuters)