NEW YORK ( TheStreet) -- Stocks gained momentum in the final hour of trading on Monday, pushing close to session-highs on their way to a fourth straight positive finish.
More heartening economic data, another spate of deal-making and greater clarity for the financial sector following the announcement of new tighter global capital standards for the banks saw bulls returning to the market with new vigor.
The Dow Jones Industrial Average was up 81 points, or 0.8%, to 10,544. The S&P 500 was higher by 12 points, or 1.1%, to 1,122. The Nasdaqoutperformed the other bluechip indices, rising 43 points, or 2%, to end at 2,285.
Technology stocks helped drive the Nasdaq higher. Shares of Apple (AAPL), Microsoft (MSFT) and Intel (INTC) led the group in terms of high-volume trading. Volumes improved on Monday's trading as traders and investors returned back to the markets following the holiday. Breadth was extremely bullish with advancers outnumbering decliners by a 4-to-1 ratio. Financial stocks were the leaders of the pack on Monday after the
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