Stocks closed higher on Monday, led by a recovery in the energy sector.
A slide in the price of oil had set the market on a downward course early in the day, but it turned higher in morning trading and remained higher the rest of the day. Health care and consumer companies also posted big gains.
The Dow Jones industrial average gained 106.70 points, or 0.6 per cent, to 18,004.16.
The Standard & Poor’s 500 index rose 13.61 points, or 0.7 per cent, to 2,094.34.
The Nasdaq composite index climbed 21.80 points, or 0.4 per cent, to 4,960.02.
For the year:
The Dow is up 579.13 points, or 3.3 per cent.
The S&P 500 is up 50.40 points, or 2.5 per cent.
The Nasdaq is down 47.39 points, or 1.0 per cent.