India, Aug. 3 -- Stocks moved sharply higher in early trading on Monday and saw even further upside as the day progressed. The major averages all showed significant advances, extending the strong upward move seen over the two previous sessions.
The major averages ended the day not far off their highs of the session. The Nasdaq surged 540.04 points or 2.1 percent to 25,913.90, the S&P 500 shot up 110.78 points or 1.5 percent to 7,600.50 and the Dow jumped 693.38 points or 1.3 percent to 53,178.41.
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