Rally may show 'money being put back to work' -strategist

STORY: "Investors like to get back into equities early in the fourth quarter, and possibly that's what we're seeing," Stovall said.

Wall Street's main indexes advanced on Monday (October 3) after sharp declines last week although losses in Tesla Inc capped the gains for growth and tech-heavy Nasdaq after the world's most valuable electric-vehicle maker missed quarterly delivery targets.