Topics

Financial Markets
Stocks rise, led by gains in energy companies
Stocks rise, led by gains in energy companies

Major U.S. stock indexes surged in afternoon trading Monday, as investors cheered encouraging economic data and the latest batch of corporate deal news. Expectations that any increase in the Federal Reserve's key interest rate this year will be gradual also helped lift the market. KEEPING SCORE: The Dow Jones industrial average climbed 281 points, or 1.6 percent, to 17,994 as of 1:07 p.m. Eastern. The Standard & Poor's 500 index rose 24 points, or 1.2 percent, to 2,085. The Nasdaq composite gained 50 points, or 1 percent, to 4,941. CONSUMER REBOUND: The Commerce Department said that consumer spending edged up 0.1 percent in February following two straight monthly...

Loading