Stocks rose moderately Monday on growing expectations that the Federal Reserve will take steps to boost the economy _ and possibly send inflation climbing as well.
A falling dollar that contributed to a jump in commodity prices also helped push the Dow Jones industrial average up 31 points to its highest close since late April.
The Dow Jones industrial average rose 31.49, or 0.3 percent, to 11,164.05.
The Standard & Poor's 500 index rose 2.54, or 0.2 percent, to 1,185.62.
The Nasdaq composite index rose 11.46, or 0.5 percent, to 2,490.85.
For the year:
The Dow is up 736.00, or 7.1 percent.
The S&P is up 70.52, or 6.3 percent.
The Nasdaq is up 221.70, or 9.8 percent.