Stocks rallied in the U.S. and overseas Monday after last week's gloomy jobs report led investors to expect that the Federal Reserve will wait even longer before making its first interest rate increase since the financial crisis.
On Monday:
The Dow Jones industrial average rose 304.06 points, or 1.9 per cent, to close at 16,776.43.
The Standard & Poor's 500 index added 35.69 points, or 1.8 per cent, to 1,987.05.
The Nasdaq composite rose 73.49 points, or 1.6 per cent, to 4,781.26.
For the year:
The Dow is down 1,046.64 points, or 5.9 per cent.
The S&P 500 index is down 71.85 points, or 3.5 per cent.
The Nasdaq is up 45.21 points, or 1 per cent.
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.