NEW YORK, Oct 20 (Reuters) - U.S. stocks extended gains on Monday as investors snapped up beaten-down energy shares and Federal Reserve Chairman Ben Bernanke said another economic stimulus plan may be needed to revive lagging growth.
Bernanke's remarks were prepared for delivery to a congressional committee.
The Dow Jones industrial average .DJI was up 208.91 points, or 2.36 percent, at 9,061.13. The Standard & Poor's 500 Index .SPX was up 23.96 points, or 2.55 percent, at 964.51. The Nasdaq Composite Index .IXIC was up 24.85 points, or 1.45 percent, at 1,736.14.
The S&P energy index shot up nearly 7 percent following positive broker comments on sector bellwethers such as Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz), which rose more than 5 percent. (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)
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