New York- Wall Street stocks surged on Monday on a string of pharmaceutical deals and speculation of more monetary stimulus in China.
The Dow Jones Industrial Average rose 263.65 points to 17 976.31.
The broad-based S&P 500 jumped 25.22 to 2 086.24 points, while the tech-rich Nasdaq Composite Index gained 56.22 to 4 947.44 points.