S&P, Nasdaq rally from major support
Focus: Consumer Discretionary, XLY, V, CME, DDS, ILMN, IDRA
CINCINNATI (MarketWatch) — U.S. stocks are solidly higher to start Monday following a strong batch of global manufacturing data, and ahead of this week’s Federal Open Market Committee meeting.

Against this backdrop, the S&P 500 Index and the Nasdaq Composite have rallied from well-defined technical support — S&P 1,775, and the Nasdaq 4,000 mark.