NEW YORK, Aug. 14 (Xinhua) -- U.S. stocks rallied on Monday, as geopolitical tensions eased.
At midday, the Dow Jones Industrial Average rose 156.74 points, or 0.72 percent, to 22,015.06. The S&P 500 gained 25.65 points, or 1.05 percent, to 2,466.97. The Nasdaq Composite Index was up 79.07 points, or 1.26 percent, to 6,335.63.
U.S. equities gave up more than one percent last week as tension between the United States and the Democratic People's Republic of Korea (DPRK) escalates.
Analysts said the market rebounded on Monday from last week's pullback amid reduced fears of military conflict.
Some traders also said that Monday's market moves appeared to reflect the tendency of investors to buy stocks following the retreat.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, plunged 19.60 percent to 12.47 on Monday.
Meanwhile, there is no major U.S. economic data due on Monday.
Overseas, Japan's economy grew at an annualized rate of 4.0 percent in the April-June quarter, stronger-than-expected, the Cabinet Office said on Monday. Enditem
