U.S. stocks greeted the new year with a rally on Monday as encouraging signs about the outlook for manufacturing around the world prompted investors to inject new money into the market.

The Dow Jones industrial average gained 93.16 points, or 0.80 percent, to 11,670.67. The Standard & Poor's 500 Index gained 14.22 points, or 1.13 percent, to 1,271.86. The Nasdaq Composite Index gained 38.65 points, or 1.46 percent, to 2,691.52.

(Reporting by Edward Krudy; Editing by Kenneth Barry)