Written by Associated Press
U.S. stocks joined a worldwide rally after results from the first round of France’s presidential election raised expectations that the European Union and euro currency will hold together.
Banks and industrial companies led the way higher in U.S. markets Monday. Bank of America jumped 4.1 percent.
Hasbro rose 5.9 percent after reporting strong results.
French stocks leapt 4.1 percent after centrist Emmanuel Macron emerged on top in the first round of the country’s presidential election, stoking hopes he would beat the far-right Marine Le Pen in a runoff in two weeks.
The Standard & Poor’s 500 index rose 25 points, or 1.1 percent, to 2,374.
The Dow Jones industrials gained 216 points, or 1.1 percent, to 20,763. The Nasdaq composite climbed 73 points, or 1.2 percent, to 5,983, another record.