New York, Wall Street rallied on Monday, kicking off what promises to be a hectic week that includes a heavy earnings docket, economic data and the Federal Reserve’s two-day monetary policy meeting.

All three major US stock indexes closed up more than 1%, bouncing back from the previous week’s sell-off.

According to preliminary data, the SandP 500 .SPX gained 49.19 points, or 1.19%, to end at 4,166.56 points, while the Nasdaq Composite .IXIC gained 143.74 points, or 1.14%, to 12,786.75.

The Dow Jones Industrial Average .DJI rose 512.02 points, or 1.58%, to 32,927.51.

Source: Qatar News Agency