NEW YORK - US stocks ended higher on Monday.

The Dow Jones Industrial Average rose 337.47 points, or 0.71 percent, to 47,544.59. The S&P 500 added 83.47 points, or 1.23 percent, to 6,875.16. The Nasdaq Composite Index increased 432.59 points, or 1.86 percent, to close at 23,637.46.

Nine of the 11 primary S&P 500 sectors ended higher, with communication services and technology leading the gainers by adding 2.30 percent and 2.02 percent, respectively. Meanwhile, consumer staples and materials led the laggards by losing 0.27 percent and 0.25 percent, respectively.