The Dow Jones industrial average stormed to its highest level in more than a year Monday as a falling dollar boosted prices for commodities including gold and oil. Stocks also jumped as investors grew more confident that governments around the world will keep interest rates low to help the global economy. Energy and materials stocks led the market.
The Dow Jones industrial average rose 203.52, or 2 percent, to 10,226.94.
The Standard & Poor's 500 index rose 23.78, or 2.2 percent, to 1,093.08.
The Nasdaq composite index rose 41.62, or 2 percent, to 2,154.06.
For the year:
The Dow is up 1,450.55, or 16.5 percent.
The S&P is up 189.83, or 21.0 percent.
The Nasdaq is up 577.03, or 36.6 percent.