Wall Street rises after services sector data

Stocks rose on Monday after data showed the services sector expanded more than forecast in September, following 11 months of contraction.

The Institute for Supply Management's non-manufacturing index for September read 50.9 compared to 48.4 in August, which was its eleventh month below the 50 reading that separates contraction from growth.

The Dow Jones industrial average (.DJI) gained 47.01 points, or 0.50 percent, to 9,534.68. The Standard & Poor's 500 Index (.SPX) rose 8.52 points, or 0.83 percent, to 1,033.73. The Nasdaq Composite Index (.IXIC) added 14.37 points, or 0.70 percent, to 2,062.52.