U.S. stocks rallied as reassuring economic news overseas, easing fears about Syria, and greater comfort about Federal Reserve policy helped lead blue chips to their best day in nearly two months. The Dow Jones Industrial Average advanced 140.62 points, or 0.9%, to 15063.12, marking the index's biggest one-day gain since July 11.
The S&P 500-stock index rose 16.54 points, or 1%, to 1671.71, the benchmark's best session since Aug 1. The S&P 500 is up 17.2% so far in 2013. The Nasdaq Composite Index gained 46.17 points, or 1.3%, to 3706.18.
The S&P 500 shed 3.1% in August as investors worried about the potential for the Fed to pare back its efforts to support the U.S. economy. The prospect of U.S. military action against Syria has fanned investor fears. But September so far has shaped up to be a better month for stocks, with Monday marking five consecutive sessions of gains.
U.S. stocks rallied from the opening bell Monday with help from strong economic data released overnight by China. The country reported that exports rose 7.2% in August from a year earlier. A weakening outlook for China has been a source of concern among many investors.
The materials sector, seen as closely tied to commodities demand from China, led the S&P 500 Monday, rallying 1.5%. Industrials shares, also seen as linked to the region's economy, were up 1.2%.
"It seems like the Chinese export engine is gearing up a little bit," sa...