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) -- Tech stocks gained serious ground Monday as

the U.S. stock market heaved a sigh of relief

in the wake of hurricane Irene. The hurricane's less-than-expected impact on New York City, combined with strong economic data, helped lift a host of Silicon Valley stocks.

Storage maker



, recently cited as a

top back-to-school tech stock

, was one of the rally's leaders, climbing 7.44% to close at $37.39. Overall, the Nasdaq closed up 3.32%.

SanDisk led a surge in tech stocks on Monday.


(HPQ) - Get HP Inc. (HPQ) Report



(CSCO) - Get Cisco Systems, Inc. Report

investors also got some respite from the recent issues weighing on their shares.

Shares of HP, which plunged on the company's recent

shocking restructuring news

, closed up 5.36% at $26.15 on Monday. Networking giant Cisco, in the throes of its own

corporate overhaul

, gained 2.74% to end the day's trading at $15.74. Before market open, Cisco had announced its acquisition of privately-held collaboration company



No. 2 PC maker

TheStreet Recommends


(DELL) - Get Dell Technologies Inc Class C Report

, which teamed up with


(VMW) - Get VMware, Inc. Class A Report

to launch its first public cloud earlier in the day, closed up 1.91% at $19.97. VMware kicked off its annual VMworld user event in Las Vegas on Monday morning, and ended the day up 4.4% at $88.50.

Internet companies were also lifted by the upsurge in investor confidence.



, for example, surged 7.38% to $13.68 while


(GOOG) - Get Alphabet Inc. Class C Report

closed up 2.32% at $539.07.

Shares of consumer tech giant


(AAPL) - Get Apple Inc. (AAPL) Report

, which announced the

resignation of iconic CEO Steve Jobs

last week, were up 1.67% to end the day's trading at $399.67.

--Written by James Rogers in New York.

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