Tech and Amazon lead market rally as investors anticipate Fed rate hike pause.

The US stock market rallied on Monday, with the Nasdaq Composite leading gains, rising 1.53%, as investors bet on the Federal Reserve's next policy decision and inflation data out early Tuesday. Meanwhile, Salesforce's AI Day in New York City saw CEO Marc Benioff hype up the company's AI strategy, with investors betting on the company's dominance in the AI space. Homebuilder stocks also saw gains, with Deutsche Bank analyst Joe Ahlersmeyer predicting further upside in several names. JPMorgan announced a tentative settlement in a legal claim brought by one of Jeffrey Epstein's victims.