Wall Street gains on optimism over global economy

 Wall Street gains on optimism over global economy

NEW YORK (Reuters) - U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.

The Dow Jones Industrial Average <.DJI> rose 249.58 points, or 0.96%, to 26,135.59, the S&P 500 <.SPX> gained 34.88 points, or 1.21%, to 2,923.56 and the Nasdaq Composite <.IXIC> added 106.82 points, or 1.35%, to 8,002.81.

(Reporting by April Joyner; editing by Jonathan Oatis)

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Updated Date: Aug 20, 2019 02:05:33 IST