Stocks across Europe leapt Monday, with French shares rising by the most in more than a month after French President Emmanuel Macron's upstart party scored a majority in parliamentary elections on Sunday.

U.S. stocks rose on Monday, with both the Dow and the S&P 500 ending at new records as technology shares rebounded from a recent bout of sharp weakness to lead the market higher.

The Nikkei Stock Average jumped more than 1% to a fresh 22-month high as the yen fell, though other Asia-Pacific markets were relatively quiet following a global rally Monday that pushed some indexes in the U.S. and Europe to fresh highs. In addition, Federal Reserve Bank of New York President William Dudley expressed optimism on Monday about the U.S. economy. He also signaled a willingness by the Fed to continue raising rates gradually.