NEW YORK (

TheStreet

) -- U.S. stocks finished Monday on a positive note after

Federal Reserve

Chairman Ben Bernanke's remarks on the

long-term unemployment situation

pointed to the possible need for more stimulus funding.

The

Dow Jones Industrial Average

rose 160.9 points, or 1.23%, to 13,241.63. The

S&P 500

increased 19.4 points to 1,416.51 and the

Nasdaq Composite

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

JPMorgan Chase

(JPM) - Get Report

,

American Express

(AXP) - Get Report

and

United Technologies

.

Shares of JPMorgan rose 2.24% to $46.17. The bank is on track to top the

merger advisory, equity and debt underwriting rankings

.

TheStreet Ratings

gives JPMorgan a B+ grade with a buy rating and a

$51.57

price target.

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

TheStreet Ratings

with a buy rating and

$67.82

price target.

Shares of United Technologies rose 2.08% to $83.50.

TheStreet Ratings

gives the stock an A- grade with a buy rating and

$94.79

price target.

The only Dow stock that declined on Monday was

Verizon

(VZ) - Get Report

. Its shares fell 9 cents, or 0.23%, to $39.33.

TheStreet Ratings

gives Verizon a B- grade with a buy rating and

$47

price target.

Dow components

Coca-Cola

(KO) - Get Report

,

Pfizer

(PFE) - Get Report

and

Walt Disney

(DIS) - Get Report

all hit

52-week highs

on Monday.

--

Written by Alexandra Zendrian in New York

.

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Alexandra Zendrian

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.