<p>Wall Street stocks concluded their best session in months on Monday, shrugging off last week's worries over inflation and rallying on optimism over coronavirus vaccines and US fiscal stimulus.</p>.<p>Major indices leapt at the open and remained in positive territory the entire day, led by the tech-rich Nasdaq Composite Index, which jumped 3.0 percent to close at 13,588.83, its best day since November.</p>.<p>The Dow Jones Industrial Average climbed 2.0 percent to end 31,535.51, while the broad-based S&P 500 gained 2.4 percent to 3,901.82, its best session since June.</p>.<p>It was a big reversal from last week, when a rise in US Treasury bond yields sparked worries about inflation and a sudden shift in Federal Reserve policy.</p>.<p>But with the turn of the calendar, "it looks like investors are getting back to work in stocks," JJ Kinahan, chief market strategist at TD Ameritrade, said in an analysis.</p>.<p>"Worries about higher interest rates seem to be waning -- for now, anyway -- as the 10-year Treasury pulls back, allowing stocks to rally on vaccine and stimulus optimism."</p>.<p>Investors cheered the emergency use approval of Johnson & Johnson's single-dose Covid-19 vaccine by US regulators over the weekend, giving the nation a third shot to battle the world's worst outbreak.</p>.<p>The market also has been supported by expectations Washington will soon enact President Joe Biden's $1.9 trillion economic aid package. The House approved the bill early Saturday, sending it to the Senate.</p>.<p>Beyond those factors, manufacturers reported strong growth in activity in February.</p>.<p>Among individual companies, Boeing surged 5.8 percent after United Airlines announced a contract with the aerospace giant to add 25 more 737 MAX jets in 2023, reflecting optimism about a recovery in the travel industry.</p>.<p>United rose 1.2 percent, joining other major carriers higher.</p>.<p>ExxonMobil advanced 3.7 percent as it named two new directors, including Jeffrey Ubben, cofounder of Inclusive Capital Partners and a leading proponent of environmental, social and governance (ESG) investing.</p>.<p>The move comes as the oil giant faces pressure from mainstream investors as well as environmentalists to do more to advance renewable energy and address climate change.</p>
<p>Wall Street stocks concluded their best session in months on Monday, shrugging off last week's worries over inflation and rallying on optimism over coronavirus vaccines and US fiscal stimulus.</p>.<p>Major indices leapt at the open and remained in positive territory the entire day, led by the tech-rich Nasdaq Composite Index, which jumped 3.0 percent to close at 13,588.83, its best day since November.</p>.<p>The Dow Jones Industrial Average climbed 2.0 percent to end 31,535.51, while the broad-based S&P 500 gained 2.4 percent to 3,901.82, its best session since June.</p>.<p>It was a big reversal from last week, when a rise in US Treasury bond yields sparked worries about inflation and a sudden shift in Federal Reserve policy.</p>.<p>But with the turn of the calendar, "it looks like investors are getting back to work in stocks," JJ Kinahan, chief market strategist at TD Ameritrade, said in an analysis.</p>.<p>"Worries about higher interest rates seem to be waning -- for now, anyway -- as the 10-year Treasury pulls back, allowing stocks to rally on vaccine and stimulus optimism."</p>.<p>Investors cheered the emergency use approval of Johnson & Johnson's single-dose Covid-19 vaccine by US regulators over the weekend, giving the nation a third shot to battle the world's worst outbreak.</p>.<p>The market also has been supported by expectations Washington will soon enact President Joe Biden's $1.9 trillion economic aid package. The House approved the bill early Saturday, sending it to the Senate.</p>.<p>Beyond those factors, manufacturers reported strong growth in activity in February.</p>.<p>Among individual companies, Boeing surged 5.8 percent after United Airlines announced a contract with the aerospace giant to add 25 more 737 MAX jets in 2023, reflecting optimism about a recovery in the travel industry.</p>.<p>United rose 1.2 percent, joining other major carriers higher.</p>.<p>ExxonMobil advanced 3.7 percent as it named two new directors, including Jeffrey Ubben, cofounder of Inclusive Capital Partners and a leading proponent of environmental, social and governance (ESG) investing.</p>.<p>The move comes as the oil giant faces pressure from mainstream investors as well as environmentalists to do more to advance renewable energy and address climate change.</p>