Banks, oil stocks lead S&P 500, Dow higher

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Reuters

By Devik Jain and Medha Singh (Reuters) – The S&P 500 and the Dow rebounded on Monday with financials and energy shares rising, as investors piled back into stocks that are set to benefit from a broader economic recovery. All of the 11 S&P sectors advanced in early trading, with energy, financials, industrials and materials jumping more than 1.5% each. The Dow Jones Transports Average, considered a barometer of economic health, jumped 1.4%, while the small-cap Russell 2000 added 1.1%. The broader banking index rose 1.6% after crashing to a two-month low last week. The Dow and the S&P 500 last …

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