NEW YORK (Reuters) - U.S. stocks rose on Monday after former Treasury Secretary Lawrence Summers withdrew as a candidate for Federal Reserve chairman, removing market uncertainty about what was shaping up to be a contentious confirmation process.
The Nasdaq was lower, pressured by a 3.2 percent drop in Apple Inc
The Dow Jones industrial average was up 117.88 points, or 0.77 percent, at 15,493.94. The Standard & Poor's 500 Index was up 9.62 points, or 0.57 percent, at 1,697.61. The Nasdaq Composite Index was down 4.34 points, or 0.12 percent, at 3,717.85. (Reporting by Ryan Vlastelica; Editing by Nick Zieminski)
