Stocks finished sharply higher Monday, clawing back a chunk of the heavy losses suffered last week after the Federal Reserve signaled policy makers had penciled in rate increases earlier than investors had anticipated. The Dow Jones Industrial Average
DJIA,
+1.76%
finished with a gain of around 587 points, or 1.8%, near 33,877, according to preliminary figures, after a fall of 3.5% last week. That was the blue-chip index's steepest weekly drop since late October. The S&P 500
SPX,
+1.40%
ended with a gain of around 58 points, or 1.4%, near 4,225. The Nasdaq Composite
COMP,
+0.79%
advanced around 111 points, or 0.8%, closing near 14,141.