Estimated read time: 1-2 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
Stocks rose Monday, recovering some of the ground they lost last week, as investors drew encouragement from solid earnings from Citigroup and a sharp gain in retail sales last month.
All 10 sectors in the Standard & Poor's 500 index increased, led by energy. Investors were looking ahead to a spate of major corporate earnings reports and economic data this week. The reports should shed light on whether the economy is regaining momentum after a severe winter slowed growth.
The Dow Jones industrial average rose 146.49 points, or 0.9 percent, to 16,173.24. The Standard & Poor's 500 index gained 14.92 points, or 0.8 percent, to 1,830.61.
The Nasdaq composite added 22.96 points, or 0.6 percent, to 4,022.69.
For the year:
The Dow Jones industrial average is down 403.42 points, or 2.4 percent.
The Standard & Poor's 500 index is down 17.75 points, or 1 percent.
The Nasdaq composite is down 153.90 points, or 3.7 percent.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.