The latest on developments in financial markets (All times local):

4:00 p.m.

Stocks are closing broadly higher on Wall Street, giving the market its biggest gain in six weeks.

Banks posted some of the biggest gains Monday. Wells Fargo jumped 2.7 percent.

Among consumer-focused stocks, Amazon.com gained 2 percent.

Medical device maker Alere soared 16 percent after it agreed to new terms for a sale to Abbott Laboratories.

The Standard & Poor's 500 index gained 20 points, or 0.9 percent, to 2,349.

The Dow Jones industrial average rose 183 points, or 0.9 percent, to 20,636. The Nasdaq composite increased 51 points, or 0.9 percent, to 5,856.

Small-company stocks rose more than the rest of the market. The Russell 2000 climbed 15 points, or 1.2 percent, to 1,361.

Bond prices slipped. The yield on the 10-year Treasury note rose to 2.25 percent.

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11:45 a.m.

Technology and consumer-focused stocks are leading indexes higher in midday trading as investors return from a long holiday weekend.

Facebook rose 1 percent and Microsoft rose 0.7 percent Monday, while Amazon.com gained 1.2 percent.

Medical device maker Alere soared 16 percent after it agreed to new terms for a sale to Abbott Laboratories.

The Standard & Poor's 500 index gained 10 points, or 0.5 percent, to 2,339.

The Dow Jones industrial average rose 99 points, or 0.5 percent, to 20,551. The Nasdaq composite increased 28 points, or 0.5 percent, to 5,833.

Bond prices didn't move much. The yield on the 10-year Treasury note held steady at 2.24 percent.

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9:35 a.m.

Technology and consumer-focused stocks are leading indexes slightly higher in early trading as investors return from a long holiday weekend.

Facebook and Microsoft each rose 0.6 percent in the first few minutes of trading Monday, while Amazon.com gained 1 percent.

Medical device maker Alere rose 16 percent after it agreed to new terms for a sale to Abbott Laboratories.

The Standard & Poor's 500 index gained 6 points, or 0.3 percent, to 2,335.

The Dow Jones industrial average rose 76 points, or 0.4 percent, to 20,526. The Nasdaq composite increased 19 points, or 0.4 percent, to 5,824.