Wall Street ends over 1% higher

US stock indices closed the first session of the week sharply higher on optimism towards the holiday season, with retail and tech shares leading the pack higher after sustaining recent heavy losses. 

Dow Jones spiked 1.46%, or 354.29 points to 24,640.24, while S&P 500 rallied 1.55%, or 40.89 points to 2,673.45. NASDAQ Composite powered up 2.06%, or 142.87 points to 7,081.85. 

Gold futures due in December barely inched down 0.05% to $1,222.60 an ounce, while the dollar index added 0.13% to 97.05, marking November 15 highs. 

US crude futures due in January rose 2.54% to $51.70 a barrel away from October 10 lows, while Brent January futures rallied 3.13% to $60.64 a barrel away from October 26 lows.