NEW YORK (
) -- U.S. stocks finished Monday on a positive note after
Chairman Ben Bernanke's remarks on the
pointed to the possible need for more stimulus funding.
Dow Jones Industrial Average
rose 160.9 points, or 1.23%, to 13,241.63. The
increased 19.4 points to 1,416.51 and the
gained 54.65 points to 3,122.57.
Breadth within the Dow was overwhelmingly positive with 29 of the index's 30 components posting gains.
The biggest percentage gainers in the index Monday were
Shares of JPMorgan rose 2.24% to $46.17. The bank is on track to top the
gives JPMorgan a B+ grade with a buy rating and a
American Express shares increased 2.46% to $58.66. The credit card company raised its quarterly dividend by 11%, or 2 cents, to 20 cents a share.
American Express gets an A+ grade from
with a buy rating and
Shares of United Technologies rose 2.08% to $83.50.
gives the stock an A- grade with a buy rating and
The only Dow stock that declined on Monday was
. Its shares fell 9 cents, or 0.23%, to $39.33.
gives Verizon a B- grade with a buy rating and
Written by Alexandra Zendrian in New York
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