Stocks Closed Higher, S&P 500 above 2100

U.S. stocks closed near session highs on Monday as investors welcomed a spate of deals and earnings results while brushing off weak manufacturing data. The Dow Jones Industrial Average jumped 165.22 points, or 0.94%, to 17,828.76. The S&P 500 gained 24.69 points, or 1.19%, to 2,104.05. The Nasdaq Composite was up 73.40 points, or 1.45%, to 5,127.15.

American International Group Inc. swung to loss in the third quarter, falling short of Wall Street expectations. AIG attributed much of the loss of $231 million to lower income from certain investments and volatile global markets. It posted a profit of $2.19 billion in the same period a year earlier.

Fitbit (FIT) reported third-quarter earnings and announced a flood of fresh shares is about to hit the market. The company reported net income of $45.8 million, or 19 cents per share, down from $68.9 million, or 34 cents, in the year-earlier period.

AMC Entertainment Holdings Inc. (AMC) said Monday it earned $12.2 million, or 12 cents a share, in the third quarter, compared with $7.4 million, or 8 cents a share, in the year-ago period. Revenue rose to $689 million in the quarter, compared with $634 million a year ago.