Stocks rose as investors judged that weak economic reports will help ensure that the Federal Reserve keeps stimulating the economy. On Monday, a measure of U.S. manufacturing fell in May to its lowest level since June 2009 as overseas economies slumped and weak business spending reduced new orders.
The Dow Jones industrial average closed up 138.46 points, or 0.9 percent, to 15,254.03.
The Standard & Poor’s 500 index rose 9.68, or 0.6 percent, to 1,640.42.
The Nasdaq composite index rose 9.45 points, or 1 percent, to 3,465.37.
For the year:
The Dow is up 2,149.89 points, or 16.4 percent.
The S&P 500 is up 214.23 points, or 15 percent.
The Nasdaq is up 445.86 points, or 14.8 percent.