US stocks surge, erasing 2020 losses

US stocks rallied again on Monday, pushing the Nasdaq to an all-time high and the S&P 500 into positive territory for the year, signaling growing optimism about the pace of recovery after Friday's better-than-expected jobs report.

US stocks rallied again on Monday, pushing the Nasdaq to an all-time high and the S&P 500 into positive territory for the year, signaling growing optimism about the pace of recovery after Friday's better-than-expected jobs report.

The Dow finished up 461 points, or 1.7% higher. The S&P 500 ended up 1.2%, erasing its losses for the year. The Nasdaq Composite ended up 1.1%, its first record close since February.

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