U.S. Stocks Recover From Early Weakness To Close Sharply Higher

Stocks moved to the downside early in the session on Monday but showed a significant turnaround over the course of the trading day. The major averages climbed well off their worst levels of the day and firmly into positive territory.

The major average saw further upside late in the day, reaching new highs for the session. The Nasdaq surged 280.84 points or 1.2 percent to 23,183.74, the S&P 500 jumped 69.35 points or 1.0 percent to 6,886.24 and the Dow climbed 301.68 points or 0.7 percent to 48,218.25.