Dow gains 600 points, S&P 500, Nasdaq near session highs amid rebound

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Stocks rose to hover near session highs on Monday afternoon amid a market rebound following last week's sharp losses.

Industrials (XLI), Financials (XLF), and Consumer Discretionary (XLY) led the gains as the Dow Jones Industrial Average (^DJI) soared more than 600 points, or 1.6%.

The S&P 500 (^GSPC) also gained more than 1% while the tech-heavy Nasdaq Composite (^IXIC) increased roughly 1.3%.

Stocks were rebounding on Monday following their worst week of the year.

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