NEW YORK Wall Street rallied on Monday, with the Nasdaq Composite up 2 percent, as investors were encouraged by the early tone in talks to tackle the U.S. fiscal crunch and by data that showed an advance in the housing sector's recovery.
The Dow Jones industrial average rose 175.82 points, or 1.40 percent, to 12,764.13. The S&P 500 Index gained 23.74 points, or 1.75 percent, to 1,383.62. The Nasdaq Composite added 56.70 points, or 1.99 percent, to 2,909.83.
(Editing by Dan Grebler)
Trending On Reuters
- Lackluster U.S., China sales drag on Ford Motor profit, shares tumble
- Fall in Volkswagen brand profit shows lasting effects of scandal
- Shell misses expectations as earnings plunge on oil, BG costs
- SoftBank sees sharp recovery for Sprint, flags much investment for ARM
- Facebook shares hit record high as it beats estimates again