Wall Street hits more than two-week high on energy, tech gains

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Energy and technology shares helped drive U.S. stocks to their highest in more than two weeks on Monday ahead of a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve.

All of the S&P 500 sectoral indexes were up in early trading, led by a 2% jump in energy shares. Oil prices rose as supply concerns mounted amidst uncertainty over Iranian nuclear talks.

Heavyweight Amazon.com, Tesla Inc and Apple Inc added between 1.2% and 2.1%, providing the biggest boost to S&P 500 and the Nasdaq.

The three major U.S. stock indexes rallied sharply last