Dow Adds 90; Madoff Gets 150

"When you look at the sectors that are doing well, it also looks like after taking a break last week, you have the global economic recovery trade coming back on again," says Bill Stone, chief investment strategist at PNC Wealth Management. "That could also be in part due to window dressing, because those were the areas that were working. But at least for the moment, the market is expecting better economic growth."

Energy stocks were among those standing out, as oil surged $2.33 to $71.49. Those gains came as an OPEC governor said that both the EU and the cartel agreed that $70 to $80 a barrel is a reasonable price for crude oil under present circumstances. An attack by Nigerian militants shut a field operated by Royal Dutch Shell Plc, which has effectively halted output from Africa's largest producer and potentially adds to reductions in already-downscaled supply.

Among integrated oil stocks, PetroChina (PTR Quote) advanced 2.7%, Conoco Phillips (COP Quote) added 1.4%, and BP (BP Quote) climbed 1.5%.

The new week holds a good amount of economic data, although none is scheduled for Monday. Housing data for May in addition to nonfarm payrolls and unemployment figures for June will be among the most closely watched data later in the week.

In other news, Wendy's/Arby's Group (WEN Quote) gained 10.5% to $4.01 after Barron's wrote that the stock is appetizing despite a decline in confidence following a recent bond offering.