United States stocks extend rally on ECB hopes
NEW YORK (AFP) - United States stocks scored moderate gains on Monday, extending Friday's sharp rally on hopes that the European Central Bank may soon take action to relieve the euro zone sovereign debt crisis.
The Dow Jones Industrial Average closed at 13,117.51, up 21.34 points, or 0.16 percent.
The tech-rich Nasdaq rose 22.01 (0.74 per cent) to 2,989.91, while the S&P 500, a broad measure of the markets, climbed 3.24 (0.23 per cent) to 1,394.23.
Wall Street stocks started off the week on a positive note "amid growing optimism that the European Central Bank may be set to restart its sovereign debt purchases," said Charles Schwab & Co. analysts.