The market, which had been trading higher all day, rallied further after Secretary of State John Kerry made comments that appeared to open the door to a diplomatic alternative in Syria instead of military strikes.
The Dow added nearly 140 points. The S&P 500 and Nasdaq were each up about 1%. These indexes are up between 15% and 23% for the year. U.S. stocks managed to eke out gains last week -- despite a weaker-than-expected jobs report Friday.
Hiring continued in August, but at a slower pace, which may signal the Federal Reserve will stand pat on its bond-buying program when it meets next week. The Fed has been consistently saying it will not begin tapering until it sees marked improvement in the labor market.
What's moving: Smithfield Foods (Fortune 500) and China's Shuanghui International , announced after the closing bell Friday that U.S. regulators had cleared Shuanghui's proposed acquisition of the American meat processor.
Dell (Fortune 500) shares rose slightly after activist hedge fund manager Carl Icahn said he was , giving up his fight for control of the computer maker. That could make it easier for founder Michael Dell and investment firm Silver Lake to take the company private.
Traders on StockTwits thanked Icahn for playing and invited speculation on what Icahn could jump into next BlackBerry perhaps?
dawnmail: $IEP-carl wins again taking the "little" he made on $DELL. His war made shareholders an extra .60cents.Love being on hisside,don't cross him
Speaking of BlackBerry (, shares rose on reports that its largest investor could be considering a buyout of the struggling smartphone company. )
Facebook ( moved slightly higher but failed to exceed its all-time high of $45. )
DanZanger: $FB Still on the run as one of the leading stocks in the market. http://stks.co/ikMI
Shares of Delta (Fortune 500) rose more than 9%, following news that the airline would join the S&P 500 after the close of trading Tuesday. It will replace , BMC Software (, which is being taken private. )
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