ALSO READS&P advances on strong industrial output data Global Markets: Equity markets drop amid continued volatility, bond yields flat U.S. equities attempt rebound after losses in Europe, Asia Global equity markets drop amid continued choppiness, bond yields dip U.S. stocks flat after last week's rally; dollar strengthens
By Sinead Carew
NEW YORK (Reuters) - U.S. stocks closed higher on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about earnings season and appeared less worried about U.S.-led missile attacks in Syria.
The weekend's air strikes marked the biggest intervention yet by Western countries against Syrian President Bashar al-Assad and his ally Russia, which is facing further economic sanctions over its role in the conflict.
Stocks had ended lower on Friday on worries about Syria. But investors seemed less anxious about he potential for retaliation from Russia, an Assad ally, since there was none at the weekend.
"Geopolitical conditions calmed," said Tim Ghriskey, Chief Investment Strategist at Inverness Counsel in New York. "There's a lot of anticipation about very strong earnings growth in the quarter. That may be attracting traders and even longer-term investors back into the market."
The Dow Jones Industrial Average <.DJI> rose 212.9 points, or 0.87 percent, to 24,573.04, the S&P 500 <.SPX> gained 21.54 points, or 0.81 percent, to 2,677.84 and the Nasdaq Composite <.IXIC> added 49.64 points, or 0.7 percent, to 7,156.29.
Shares of optical components makers, including those of Acacia Communications
JB Hunt Transport Services
Bank of America
Advancing issues outnumbered declining ones on the NYSE by a 2.70-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored advancers.
On U.S. exchanges about 5.74 billion shares changed hands, in the lowest volume session so far this year. Monday's trading compared with the 7.03 billion average for the last 20 sessions.