A broad-based stocks advance drove the S&P 500 up 1 percent on Monday as signs that Federal Reserve Chairman Ben Bernanke would win a U.S. Senate vote for a second term relieved the market of some of the uncertainty that contributed to last week's decline.
Basic materials companies were among the top performers, with AK Steel Holding Corp
The Dow Jones industrial average <.DJI> added 71.72 points, or 0.71 percent, to 10,244.70. The Standard & Poor's 500 Index <.SPX> rose 10.06 points, or 0.92 percent, to 1,101.82 after hitting 1 percent. The Nasdaq Composite Index <.IXIC> gained 14.65 points, or 0.66 percent, to 2,219.94.
(Editing by Kenneth Barry)