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Fortune

Wall Street sets new records as Nvidia and tech stocks soar

Fortune
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Both the S&P 500 and Dow Jones Industrial Average closed at new records Monday .

The Nasdaq didn't break its record but ended near its last high, closing up 0.87% .

China 's finance minister said there was "ample room” in the budget for more spending.

Luxury stocks with major exposure to China slipped, with LVMH , Hermès and Kering all dropping more than 2% .