So much for Irene. Stocks rose broadly Monday, led by insurance companies, after it became clear that the tropical storm caused far less damage than many had feared. An increase in consumer spending and a merger between two major Greek banks also helped push stocks higher.
Trading volume was the lowest since July 26 as many traders struggled to get to work in Lower Manhattan or were still on vacation.
Insurance stocks rose sharply as analysts lowered their estimates of how much damage the storm would cause.
The Dow rose 254.71 points, or 2.3 percent, to 11,539.25.
The Standard & Poor's 500 index rose 33.28 points, or 2.8 percent, to 1,210.08.
The Nasdaq composite index rose 82.26, or 3.3 percent, to 2,562.11.
For the year to date:
The Dow is down 38.26, or 0.3 percent.
The S&P 500 is down 47.56, or 3.8 percent.
The Nasdaq is down 90.76, or 3.4 percent.