The Dow Jones Industrial Average rose 249.78 points, or 0.96%, to 26, 135.79, the S&P 500 gained 34.97 points, or 1.21%, to 2, 923.65 and the Nasdaq Composite added 106.82 points, or 1.35%, to 8, 002.81. All of the 11 major S&P sectors were higher.
NEW YORK: U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.
The benchmark S&P 500 has recovered most of its losses following Wednesday's brief inversion of the yield curve between 2-year and 10-year Treasuries, commonly viewed as an indicator of a recession within the next two years. After falling nearly 3% on Wednesday, the S&P 500 has risen for the last three sessions.
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