The return of what’s called “Merger Monday” on Wall Street made investors more optimistic about the future. So did a report that Japan’s economy shrank less than feared after the earthquake and tsunami there on March 11. That helped ease worries that the U.S. economy may slide into another recession.
The Dow rose 213.88 points, or 1.9 percent to 11,482.90. It has gained 763 points since Thursday.