Top News at Netscape U.S. Stocks Soar on Optimism About Economy
NEW YORK (Reuters) - Stocks climbed sharply on Monday as investors cheered recent data depicting a robust recovery for the U.S. economy, driving the Dow Jones industrial average to its highest close since mid-July and pushing the broad market into the black for 2002.
The Dow jumped 217.20 points, or 2.09 percent, to 10,586.06, according to the latest data, the highest close since July 19.
Last Friday, the Dow logged another triple-digit gain on news of improvement last month in the downtrodden manufacturing sector.
Friday's 2.60 percent rise and Monday's gain represent the best two-day advance for the Dow since late September.