The Dow Jones industrial average surged 337 points following encouraging signs out of Europe and a jump in apartment construction in the U.S. It was the best day for U.S. stocks this month.
The Dow gained 2.9 percent to close at 12,103. Caterpillar jumped 5 percent, the most in the Dow.
The S&P 500 index rose 36 points, or 3 percent, to 1,241. Only six stocks in the index fell.
The Nasdaq composite index rose 81, or 3.2 percent, to 2,604.
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