Monetary stocks led the broad marketplace rally, which erased more than half with the losses racked up through the Conventional & Poor’s 500-stock index since Oct. 25.
The Dow gained 371.32 factors, or 2.1 percent, to close at 18,259.60. The average was briefly up as much as 375 factors. The S.&P. 500-stock index rose 46.34 factors, or 2.2 percent, to 2,131.52. Heading into Monday, the index had been down 66 factors over the previous 9 trading days. The Nasdaq composite index added 119.80 factors, or 2.4 percent, to 5,166.17.
The gains came as investors focused mostly on the latest developments in the United States presidential race a day before the general election.
The F.B.I. announced on Sunday that its review of newly discovered Hillary Clinton emails found no evidence warranting charges. That appeared to ease the market’s anxiety, which grew in recent weeks over signs that the presidential race was tightening, triggering the longest losing streak for the S.&P. 500 since 1980.
“Clearly, the industry is far more comfortable with a Clinton win, only because they feel like they know her policies a little bit better,” said JJ Kinahan, chief strategist at TD Ameritrade.
Banks and health care companies rose more than the rest on the market place. Goldman Sachs and UnitedHealth Group had some in the greatest gains in the Dow. Goldman climbed $5.56, or 3.2 percent, to close at $181.48, and UnitedHealth added $4.22, or 3.1 percent, to $141.93.
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“This is not a rational market,” said Philip Blancato, chief executive of Ladenburg Thalmann Asset Management. “This is a reaction to less uncertainty.”
“In those kinds of markets, people are jumping into stocks that they think are cheap. And what are the cheapest right now? Financials and health care,” he said.
Several pharmaceutical companies were also among Monday’s most significant gainers. Regeneron Pharmaceuticals gained $24, or 7 percent, to close at $365.39, and Biogen climbed $18.62, or 6.7 percent, to $295.62.
The Vix index, a measure of how much volatility investors expect to see in the industry over the next 30 days, fell 16.9 percent on Monday just after surging 40 percent last week to its highest level since June, when Britain voted to leave the European Union.
Gold and silver also fell. The price of gold slid $25, or 1.9 percent, to settle at $1,278.30 an ounce, while silver lost 22 cents, or 1.2 percent, to $18.15 an ounce. Copper bucked the trend, rising 5 cents, or 2 percent, to $2.31 a pound.
In Europe, the DAX in Germany and the CAC 40 in France gained 1.9 percent. The FTSE in Britain added 1.7 percent. Earlier in Asia, the Nikkei 225 in Japan finished 1.6 percent increased, and the Kospi in South Korea gained 0.8 percent. The Hang Seng index in Hong Kong added 0.7 percent.
The dollar mostly strengthened against other currencies. It rose to 104.48 yen from 103.12 on Friday, while the euro slipped to $1.1044 from $1.1136. The dollar slid 1.8 percent to 18.68 Mexican pesos from 19.03 pesos.
Mexico’s currency has become an indirect proxy among investors for Donald J. Trump’s chances to win the White House. Investors expect that a Trump administration would be negative for the Mexican economy and would cause the Mexican peso’s value to fall as a result.
United States benchmark crude oil rose 82 cents, or 1.9 percent, to settle at $44.89 a barrel in New York. The price of oil is coming off a six-day losing streak. Brent crude, which is used to price international oils, gained 57 cents, or 1.3 percent, at $46.15 a barrel in London.