Stocks have moved sharply higher during trading on Monday, regaining ground following the nosedive seen over the past few sessions. The major averages have all shown substantial moves to the upside, bouncing off their lowest levels in several months.

Currently, the major averages are off their highs of the session but still posting strong gains. The Dow is up 958.28 points or 2.1 percent at 46,535.75, the Nasdaq is up 452.21 points or 2.1 percent at 22,099.82 and the S&P 500 is up 125.19 points or 1.9 percent at 6,631.67.

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