Stocks closed broadly higher on Wall Street Monday as the market clawed back some of its sharp losses from September.
The rally extended the S&P 500’s gains to a third day in a row. The benchmark index was coming off its first four-week losing streak in more than a year and is on track to close out September with a loss after five months of gains.
Tech stocks accounted for a big slice of the gains. Several companies announced big mergers and acquisitions, which helped to push markets higher.
The S&P 500 rose 53.14 points, or 1.6%, to 3,351.60.
The Dow Jones Industrial Average gained 410.10 points, or 1.5%, to 27,584.06.
The Nasdaq composite climbed 203.96 points, or 1.9%, to 11,117.53.
The Russell 2000 index of small company stocks rose 35.43 points, or 2.4%, to 1,510.34.