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 rallying 6 percent after it posted a fourth-quarter profit.

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)

Ben Bernanke