U.S. stocks rise on rate-cuts hopes

NEW YORK, May 6 (Xinhua) -- U.S. stocks rallied on Monday, as investors lifted Federal Reserve rate cut expectations.

The Dow Jones Industrial Average rose 176.59 points, or 0.46 percent, to 38,852.27, posting its fourth consecutive daily gain. The S&P 500 added 52.95 points, or 1.03 percent, to 5,180.74 in its third straight daily gain. The Nasdaq Composite Index increased by 192.92 points, or 1.19 percent, to 16,349.25.