The major stock averages surged Monday, with the Dow closing at a record high, as Amazon eclipsed $3 trillion in market cap for the first time.

The Dow Jones Industrial Average closed at a record high on Monday, jumping 693.38 points buoyed up by rising tech stocks and falling oil prices.

The major stock averages surged Monday, with the Dow closing at a record high, as Amazon eclipsed $3 trillion in market cap for the first time.