NEW YORK, N.Y. – U.S. stocks jumped Monday as the price of oil surged again, lifting energy stocks as well as mining and chemicals companies. Indexes in Europe and Asia also rose as investors hoped for stimulus to strengthen the economies of those regions and boost sales of energy, building materials and other goods.
The Dow Jones industrial average rose 228.67 points, or 1.4 per cent, to 16,620.66.
The Standard & Poor’s 500 index jumped 27.72 points, or 1.5 per cent, to 1,945.50.
The Nasdaq composite index gained 66.18 points, or 1.5 per cent, to 4,570.61.
For the year:
The Dow is down 804.37 points, or 4.6 per cent.
The S&P 500 is down 98.44 points, or 4.8 per cent.
The Nasdaq is down 436.80 points, or 8.7 per cent.