Financial and technology companies helped power U.S. stocks solidly higher Monday as investors drew encouragement from data pointing to a brighter outlook on the global economy.
In another hopeful sign, long-term bond yields rose above their recent lows, following a sharp drop last month that had spooked investors.
On Monday:
The S&P 500 gained 32.79 points, or 1.2%, to 2,867.19.
The Dow Jones Industrial Average jumped 329.74 points, or 1.3%, to 26,258.42.
The Nasdaq composite climbed 99.59 points, or 1.3%, to 7,828.91.
The Russell 2000 index of smaller company stocks picked up 16.33 points, or 1.1%, to 1,556.06.
For the year:
The S&P 500 is up 360.34 points, or 14.4%.
The Dow is up 2,930.96 points, or 12.6%.
The Nasdaq is up 1,193.63 points, or 18%.
The Russell 2000 is up 207.51 points, or 15.4%.
