After moving sharply higher early in the session, stocks continue to turn in a strong performance throughout the trading day on Monday. The major averages all showed strong moves to the upside, partly offsetting the steep losses posted last Friday.
The major averages moved roughly sideways after the early surge, hovering near their best levels of the day. The Nasdaq spiked 490.18 points or 2.2 percent to 22,694.61, the S&P 500 shot up 102.21 points or 1.6 percent to 6,654.72 and the Dow jumped 587.98 points or 1.3 percent to 46,067.58.
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