(Bloomberg/Rheaa Rao and Andre Janse van Vuuren) — Technology stocks drove an advance in global equities, with Alphabet Inc. and Alibaba Group Holding Ltd. notching gains as traders kick off a data-packed week.

Major US stock indexes extended their ascent, with the S&P 500 rising 1.4% and the tech-heavy Nasdaq 100 jumping more than 2%. Bitcoin fell again after a weekend rebound and is on track for its worst month since 2022. Oil swung between small gains and losses as traders weighed the prospect of a Ukraine-Russia peace deal. The US 10-year Treasury yield declined to 4.05%.

Federal Reserve Governor Christopher Waller fueled optimism on Monday after indicating support for an interest-rate cut next month. New York Fed President John Williams had a similar impact on the market on Friday a

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