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.
The Dow Jones industrial average rose 304.06 points, or 1.9 percent, to close at 16,776.43.
The Standard & Poor's 500 index added 35.69 points, or 1.8 percent, to 1,987.05.
The Nasdaq composite rose 73.49 points, or 1.6 percent, to 4,781.26.
For the year:
The Dow is down 1,046.64 points, or 5.9 percent.
The S&P 500 index is down 71.85 points, or 3.5 percent.
The Nasdaq is up 45.21 points, or 1 percent.