Nasdaq soars to 14-year high

Wall Street kicked off the week in rally mode, with the tech-heavy Nasdaq logging its highest closing level in more than 14 years.

Corporate deals - including Dollar General's bid for retailer Family Dollar - and diplomatic efforts in Ukraine contributed to the stock market lifting on Monday, according to the Associated Press.

The S&P 500 rose 16.68 points, or 0.9 percent, to 1,971.74. The Dow Jones industrial average gained 175.83 points, or 1.1 percent, to 16,838.74. The Nasdaq composite gained 43.39 points, or 1 percent, to 4,508.31.

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