The stock market ended a three-day losing streak Monday, closing broadly higher as a weaker dollar and upbeat home sales numbers encouraged investors to take on more risk. The dollar resumed its slide, sending prices for commodities including gold and oil higher and in turn, the stocks of companies that produce them. Meanwhile, the National Association of Realtors reported that October home sales rose more than 10 percent revived investors' optimism after disappointing data on the housing industry last week raised concerns about the strength of the economic recovery.
The Dow Jones industrial average rose 132.79, or 1.3 percent, to 10,450.95.
The Standard & Poor's 500 index rose 14.86, or 1.4 percent, to 1,106.24.
The Nasdaq composite index rose 29.97, or 1.4 percent, to 2,176.01.
For the year:
The Dow is up 1,674.56, or 19.1 percent.
The S&P is up 202.99, or 22.5 percent.
The Nasdaq is up 598.98, or 38.0 percent.