Tech names lead stock market gains as inflation fears fade, bitcoin bounces

All three major U.S. stock averages forge higher in the first trading session of the week, with tech names leading the gains as investors' fears of inflation subside.The S&P 500 rose the most, gaining 1.0%, followed by the Nasdaq, +0.9%, and the Dow, rising 0.5%. The Nasdaq had led the gains for most of the session, but retreated a little more than the S&P and Dow at session's end.The 10-year Treasury yield fell 1 basis point to 1.61%.Apple shares rise 1.3% as it and Fortnite publisher Epic wrap up their trial over app store fees, and Amazon gains 1.3% amid reports that it's nearing a $9B deal for MGM holdings.Continuing swings in the crypto space, bitcoin bounces up 20% to $39.K as Elon Musk tweets that North American bitcoin miners are committing to publish current and planned renewable energy usage.Crude oil advanced 3.8% to $65.99 per barrel; gold rose 0.4% to $1,883.40 per ounce.IT ([[XLK]] +1.7%) and