US stocks on Monday racked up their biggest one-day percentage gain since March 1, while a volatility measure recorded its biggest drop since late June.
The Dow Jones industrial average jumped 2.08 percent to end at 18,259.67 points and the S&P 500 surged 2.22 percent to 2,131.52. The Nasdaq Composite added 2.37 percent to 5,166.17.
The S&P 500 posted 13 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 81 new lows.
About 7.0 billion shares changed hands on US exchanges, above the 6.7 billion daily average over the last 20 sessions.
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