Dow Jones at 10,226.94! So, the crisis is passing away?

 As the Group of 20 leaders confirmed their intention to keep supporting the world economy thus strengthening investors’ desire for risk the US stock rally send the Dow industrials to a 13-month high on Monday.

Meantime, the US dollar dropped to a 15-month low, bolstering commodity prices and materials stocks. Freeport MacMoRan Copper & Gold Inc shares shot up 4.6 percent to $83.20 and the S&P materials sector index gained 3.2 percent.

"Central banks around the world are continuing to prop up the economy and support risk taking. There's very little regard for valuation," said Jack Ablin, chief investment officer of Harris Private Bank in Chicago.

"It looks to me like a pure risk rally and it is consistent with the G20 comments."

The Dow Jones industrial average climbed by 203.52 points, or 2.03%, to a 10,226.94 level. Meantime, Standard & Poor's 500 Index was up 23.78 points, 2.22%, to 1,093.08. The Nasdaq Composite Index increased 41.62 points, 1.97%, to 2,154.06.

Shares of chipmakers rose sharply, with the PHLX semiconductor index up 3.2 percent, its largest increase in a month. On Monday, Wells Fargo raised on its 2010 growth projection for chipmakers..

Among chipmaker shares, Applied Materials Inc rose 5.2 percent to $12.98 on Nasdaq and Micron Technology Inc shot up 6.1 percent to $7.51 on the New York Stock Exchange.

Besides, the financial stock were also top performers in the session, with shares of American Express Co up 4.9 percent at $39.05. The KBW bank index gained 3.6 percent.

Mergers and acquisitions also contributed to the market performance with General Electric Co up 3.4 percent at $15.85 after a source said GE and Comcast Corp agreed on a valuation of around $30 billion for a joint venture between NBC Universal and Comcast.