The S&P 500 gained 2.35% to 7,549.94 on Monday, posting its strongest daily advance since April 8 as falling oil prices helped ease inflation concerns. The Dow Jones Industrial Average climbed 2.15%, while the Nasdaq Composite advanced 2.74%.

December S&P 500 futures traded as high as 7,600.50 and as low as 7,386.00. The contract was last quoted at 7,587.75, roughly 95 handles above the day’s midpoint of 7,493.25, gaining nearly 186 handles from Friday’s close.

On Tuesday, market participants can look forward to October CPI at 8:30 a.m. ET, alongside the October NFIB Small Business Optimism Index at 6:00 a.m. Investors will also watch earnings from Sea Limited and On Holding before the opening bell, with CoreWeave reporting after the close.

Among the largest components of the index, Broadcom Inc. (NASDAQ: AVGO) emerged as the biggest gainer. The chip designer advanced by $25.79, or 8.78%, to close at $319.48. That performance was approximately 3.7 times the cash index’s 2.35% gain.

Conversely, the biggest loser was NVIDIA Corp. (NASDAQ: NVDA). For the day, the chip designer declined by $7.97, or 4.27%, to close at $178.67.