NEW YORK, Nov. 23 (Xinhua) -- U.S. stocks rose on Monday as dollar fell against other currencies and better-than-expected existing home sale lifted the market sentiment.

    Stocks have been trading in the opposite direction of the dollar in recent months. As the dollar weakened Monday, it pushed the value of commodities higher. Gold hit a new record high. And strong commodity prices helped push the price of energy and material stocks higher.

    An upbeat report on the housing market also boosted the market sentiment. The National Association of Realtors reported sales of existing homes increased 10.1 percent in October to the highest level since February 2007, as first-time homebuyers rushed to try and close purchases before a tax credit was set to expire.

    The Dow Jones rose 132.79, or 1.29 percent, to 10,450.95. Broader indexes also went higher. The Standard & Poor's 500 index gained 14.86, or 1.36 percent to 1,106.24 and the Nasdaq added 29.97, or 1.40 percent, to 2,176.01.