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NEW YORK, April 22 (Reuters) - U.S. stocks extended gains and the Nasdaq rose more than 1 percent on Monday, with shares of Microsoft boosting both the Nasdaq and the S&P 500.
Microsoft gained 4.1 percent to $30.99 after CNBC reported that ValueAct Capital had taken a $2 billion stake in the company.
The Dow Jones industrial average was up 29.33 points, or 0.20 percent, at 14,576.84. The Standard & Poor's 500 Index was up 9.11 points, or 0.59 percent, at 1,564.36. The Nasdaq Composite Index was up 31.44 points, or 0.98 percent, at 3,237.50.