U.S. stocks jumped more than 7% Monday as investors cheered new data showing the possibility that the number of new coronavirus cases may be slowing and a peak may be near.

The S&P 500 rallied 175.03 points (7.03%) to 2,663.68

The Dow jumped 1,627.46 points (7.73%) to 22,679.99

The Nasdaq Composite surged 540.15 (7.33%) to 7,913.24

CNBC reports: