Stocks extended gains on Monday with the S&P 500 rising more than 2 percent after a merger between two big banks in Greece and a rebound in consumer spending boosted appetite for risky assets.

The Dow Jones industrial average <.DJI> was up 184.28 points, or 1.63 percent, at 11,468.82. The Standard & Poor's 500 Index <.SPX> was up 22.47 points, or 1.91 percent, at 1,199.27. The Nasdaq Composite Index <.IXIC> was up 53.42 points, or 2.15 percent, at 2,533.27.

(Reporting by Angela Moon)