NEW YORK — Wall Street climbed to the edge of its all-time high on Monday, and stocks rallied worldwide after oil prices and yields in the bond market surrendered their market-rattling gains from last week.

The S&P 500 jumped 1.5 per cent and pulled within 0.4 per cent of its record set last month. The Dow Jones Industrial Average added 366 points, or 0.7 per cent, and the Nasdaq composite leaped 2.3 per cent to its own all-time high as chip stocks and other companies in the artificial-intelligence industry led the way.

Stocks got help from the price for a barrel of Brent oil falling 3.4 per cent…