The Dow Jones Industrial Average closed up by more than 1,200 points, its largest daily gain in nearly three years, as investors cheered a stronger-than-expected economic report from China.

The benchmark S&P 500 index rose 1.4% to 2,856.83.

The Nasdaq composite rose 4.3% to 4,818.69.

The Dow has gained more than 2,500 points since Jan. 7, 2015.

The S&P 500 has gained nearly 3,000 points.

The S&p has surged nearly 5% since the start of this year.

The Nasdaq Composite has gained just under 3% since Dec. 9.

The dollar rose against a basket of major currencies, trading 0.2% higher against a greenback.

The yield on the benchmark 10-year Treasury note rose to 2.8% from 2.7%.

The dollar index gained 0.8%.

The euro rose 0.7%, against the greenback, to $1.1914 from $1,1915.

The yen rose to 114.4 yen from 113.1 yen.

The yen has gained 0,3% against the euro since mid-November.

The Nikkei 225 rose 0,4% at 22,638.12.

The Hang Seng index of Japan’s benchmark stocks gained 0% to 3,732.25.

The Shanghai Composite rose 0% at 6,971.16.

The Hang Sion index of South Korea’s benchmark shares rose 0%.