Dow jumps more than 500 points as stocks end higher ahead of highly-anticipated inflation data

U.S. stocks closed sharply higher Monday, bouncing from last week’s losses ahead of a highly-anticipated reading on inflation for November. The Dow Jones Industrial Average
DJIA,
+1.58%
ended up more than 500 points, or 1.6%, while the S&P 500
SPX,
+1.43%
gained 1.4% and the Nasdaq Composite
COMP,
+1.26%
advanced 1.3%, according to preliminary data from FactSet. Last week all three major benchmarks suffered losses, snapping a two-week win streak. Investors are awaiting fresh inflation data from the consumer-price index, with a CPI report scheduled to be released Tuesday morning ahead of the U.S. stock market’s open.