India, June 16 -- After moving sharply higher early in the session, stocks gave back some ground over the course of the trading day on Monday but continued to turn in a strong performance. With the upward move, the markets largely offset the steep losses seen during Friday's session.
The major averages all ended the day firmly in positive territory, with the tech-heavy Nasdaq posting a standout gain. The Nasdaq jumped 294.39 points or 1.5 percent to 19,701.21, the S&P 500 advanced 56.14 points or 0.9 percent to 6,033.11 and the Dow climbed 317.30 points or 0.8 percent at 42,515.09.
The early rally on Wall Street came as traders looked to pick up stocks at somewhat reduced levels following the previous session's nosedive, which came after ...