Stocks advanced on Monday, sending the Nasdaq up more than 1 percent and the Dow Jones industrial average near 11,000, as a spate of economic reports fueled optimism about the economic recovery and a stabilized labor market.
Monday's marked the first session since the release of a government report that showed the economy added the largest number of jobs in three years.
Semiconductors led the Nasdaq's advance, with Philadelphia Semiconductor index <.SOXX> up more than 2.2 percent.
The Dow Jones industrial average <.DJI> was up 56.91 points, or 0.52 percent, at 10,983.98. The Standard & Poor's 500 Index <.SPX> was up 9.52 points, or 0.81 percent, at 1,187.62. The Nasdaq Composite Index <.IXIC> was up 26.27 points, or 1.09 percent, at 2,428.85.
(Reporting by Ellis Mnyandu; Editing by Padraic Cassidy)