US Markets

Wall Street gains on optimism over global economy

Credit: REUTERS/Eduardo Munoz

U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.

NEW YORK, Aug 19 (Reuters) - U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.

The Dow Jones Industrial Average .DJI rose 249.58 points, or 0.96%, to 26,135.59, the S&P 500 .SPX gained 34.88 points, or 1.21%, to 2,923.56 and the Nasdaq Composite .IXIC added 106.82 points, or 1.35%, to 8,002.81.

(Reporting by April Joyner; editing by Jonathan Oatis)

((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf))

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