Rising technology stocks helped U.S. indexes recover more of their holiday-season slide that bridged the new year. The S&P 500 climbed 0.6% Monday, its second straight gain following five straight losses.

Stocks are running in premarket trading on Monday. Here’s a look at major indexes as of 8:50 a.m. ET: Nasdaq Futures: Up 205.25 (+.95%) S&P 500 Futures: Up 45.25 (+.76%) Dow Jones Futures: Up 184 (+.43%) The big story in premarket trading is that NVIDIA (Nasdaq: NVDA) and chip stocks are up big.

The S&P 500 moved into positive territory for the month after snapping its longest losing streak since April last week.

"We still see CES as a positive catalyst, re-asserting NVDA's platform dominance/opportunity in high-growth markets," Bank of America said.

Nvidia briefly became the world’s most valuable company ahead of an evening CES speech from CEO Jensen Huang which Bank of America expects to be “reassuring” for investors.