Nasdaq rallies on Monday afternoon to snap losing streak, erasing loss of more than 2%

U.S. stocks staged an afternoon rally on Monday as major tech stocks reversed earlier losses, helping the Nasdaq Composite snap a four-day losing streak.

The Nasdaq closed with a gain of 0.05% at 14,942.83 after falling more than 2% earlier in the day. The S&P 500 closed down 0.14% at 4,670.29…