Wall Street climbed to the edge of its all-time high, and stocks rallied worldwide after oil prices and yields in the bond market surrendered their market-rattling gains from last week.
The S&P 500 jumped 1.5% Monday and pulled within 0.4% of its record. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite climbed 2.3% as chip stocks led the way.
Stocks benefited from a drop for Brent oil back toward $100 per barrel, while the 10-year Treasury yield fell to 4.95%. The easing pressure helped indexes rise more than 1% from Germany to Hong Kong to South Korea.
On Monday:
The S&P 500 rose 114.20 points, or 1.5%, to 7,764.70.
The Dow Jones Industrial Average rose 366.19 points, or 0.7%, to 52,048.83.
The Nasdaq composite rose 599.55 points, or 2.3%, to 27,122.09.
The Russell 2000 index of smaller companies rose 14.96 points, or 0.5%, to 2,875.36.
For the year:
The S&P 500 is up 919.20 points, or 13.4%.
The Dow is up 3,985.54 points, or 8.2%.
The Nasdaq is up 3,880.10 points, or 16.7%.
The Russell 2000 is up 393.45 points, or 15.9%.