(CNBC) — Stocks rose on Monday as a weaker dollar and growing confidence that inflation has peaked helped Wall Street’s relief rally continue ahead of a key inflation report.
The Dow Jones Industrial Average gained 229.63 points, or 0.71%, to end at 32,381.34. The S&P 500 rose 1.06% and closed at 4,110.41. The Nasdaq Composite added 1.27%, wrapping the session at 12,266.41.
Energy was the top sector, but the rally was broad, with Bristol-Myers Squibb gaining 3.14% and tech stalwart Apple adding 3.85%.
