U.S. stocks surged Monday after a Federal Reserve official said the central bank shouldn't raise interest rates too soon, which came as a big relief to investors. After a market nosedive on Friday, investors bought safe investments like household goods makers and phone companies. Technology companies also jumped.
The Dow Jones industrial average climbed 239.62 points, or 1.3 percent, to 18,325.07.
The Standard & Poor's 500 index added 31.23 points, or 1.5 percent, to 2,159.04.
The Nasdaq composite leaped 85.98 points, or 1.7 percent, to 5,211.89.
For the year:
The Dow is up 900.04 points, or 5.2 percent.
The S&P 500 is up 115.10 points, or 5.6 percent.
The Nasdaq is up 204.48 points, or 4.1 percent.
This story has been automatically published from the Associated Press wire which uses US spellings