Dow Jones Hits High for Year

Wall Street raced out of the gate on Monday and ended the day at highs for the year.

But along the way, the dollar weakened, and as a result, prices for commodities like gold continued to rise.
(...)
At the close, the Dow Jones industrial average was up 203.52 points, or 2 percent — its highest level in a year, beating the previous record on Oct. 21. The Standard and Poor’s 500-stock index was up 23.78 points, or 2.2 percent, and the technology-heavy Nasdaq composite index was up 41.62 points or 1.97 percent.

The rally was broad-based, led by financial companies as well as industrial, chemical and mining stocks. Shares of the General Electric Company rose 3.5 percent after reports that G.E. and the Comcast Corporation had agreed to value NBC Universal at about $30 billion as the companies discuss a joint venture.

Shares of Citigroup were up 2.7 percent while Bank of America rose 4.7 percent and Wells Fargo rose 4.2 percent.
New York Times