Stocks rose sharply on Monday, powered by two big corporate deals and news that suggests the economy is getting stronger.
The gains follow a down week. Stocks have turned volatile ahead of a Federal Reserve meeting that begins on Tuesday, as investors bet on whether the central bank will start to reduce the stimulus that has boosted stock prices this year.
At 9:50 a.m. Eastern, the Dow Jones industrial average was up 169 points, or more than 1 percent, at 15,925. The Standard & Poor's 500 index rose 16 points, or almost 1 percent, to 1,792. The Nasdaq composite was higher by 40 points, or 1 percent, at 4,041.
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