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S&P tops 900 as Wall Street rallies


    NEW YORK (Reuters) - Stocks extended gains on Monday, driving the benchmark S&P 500 back above the psychologically important 900 level for the first time since early January.

    The index has now gained more than 33 percent since hitting a 12-year closing low on March 9.

    The Dow Jones industrial average gained 195.29 points, or 2.38 percent, to 8,407.70. The Standard & Poor's 500 Index added 23.53 points, or 2.68 percent, to 901.05. The Nasdaq Composite Index rose 33.31 points, or 1.94 percent, to 1,752.51.

    (Reporting by Ellis Mnyandu; Editing by Jan Paschal)