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U.S. stocks closed sharply higher Monday, bouncing from last week’s losses ahead of a highly-anticipated reading on inflation for November. The Dow Jones Industrial Average ended up more than 500 points, or 1.6%, while the S&P 500 gained 1.4% and the Nasdaq Composite advanced 1.3%, according to preliminary data from FactSet. Last week all three major benchmarks suffered losses, snapping a two-week win streak. Investors are awaiting fresh inflation data from the consumer-price index, with a CPI report scheduled to be released Tuesday morning ahead of the U.S. stock market’s open.
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