US stocks rebounded on Monday as health care-related stocks led Wall Street higher after Congress passed a landmark overhaul of the sector that sharply expands health insurance coverage.
The Dow Jones Industrial Average rose 44.06 points (0.41 per cent) to 10,786.04 at the market close, rebounding from Friday's loss after an eight-session winning streak.
The tech-rich Nasdaq composite advanced 20.99 points (0.88 per cent) to 2,395.40 while the broad-market Standard & Poor's 500 index climbed 6.03 points (0.52 per cent) to a provisional close of 1,165.93.
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The major indices emerged quickly from opening losses to trade in positive territory the rest of the day.
The market's about-face came as investors scrutinised the House of Representatives's 219-212 vote late on Sunday to approve a historic health overhaul in the most sweeping social policy shift in four decades.
The House vote handed President Barack Obama the biggest triumph of his presidency. He was expected to sign the bill into law within days.
The Senate will then take up a package of changes, which the House approved 220-211, as early as Tuesday in a bid to complete its work on the overhaul.
Fred Dickson at DA Davidson & Co. said the health care vote removed just "one level of uncertainty from the market."
