Stocks Ended Higher on Upbeat China Data

U.S. stocks ended higher on Monday, as better-than-expected manufacturing data out of China helped assuage worries of a broad economic slowdown. The Dow Jones Industrial Average jumped 329.74 points, or 1.27%, to 26,258.42. The S&P 500 climbed 32.79 points, or 1.16%, to 2,867.19. The Nasdaq Composite gained 99.59 points, or 1.29%, to 7,828.91.

Oil rallied sharply on Monday on signs of tightening supplies and fading worries over global economic growth. West Texas Intermediate crude for May delivery rose $1.45, or 2.4%, to settle at $61.59 a barrel. June Brent crude ended $1.43 higher, or 2.1%, to $69.01 a barrel.