Updated from 4:08 p.m. ESTTech stocks on Monday led a broad market celebration of the Iraqi elections amid another flurry of merger news as the indices ended a down month on an up note. The Dow Jones Industrial Average added 62.74 points, or 0.6%, to 10,489.94; the S&P 500 was higher by 9.94 points, or 0.85%, to 1181.27; and the Nasdaq rose 26.58 points, or 1.3%, to 2062.41. All three indices last week posted their first weekly gains of the year. "This was an impressive gain today because the market was able to hold onto the early jump higher," said Ken Tower, chief market strategist with CyberTrader. "The S&P and Nasdaq are acting better than the Dow in that they spent the entire day above all of last week's trading action. So I think we began to see some better market action and it's confirming that we're in some sort of trading range market, if not a full-fledged uptrend yet." Volume on the New York Stock Exchange was 1.68 billion shares, with advancers beating decliners by a ratio of 13-to-4. Volume on the Nasdaq was 1.82 billion shares, with advancers outpacing decliners 23-to-9. For the month, the Dow lost 2.7%, the S&P 500 slid 2.5%, and the Nasdaq was down about 5.2%. All three major indices have posted January losses in three out of the past four years. In other markets, the 10-year Treasury note was up 2/32 to yield 4.13% on the eve of a Federal Reserve meeting, while the dollar was higher against the yen and euro. Oil reversed early losses even though OPEC held output quotas steady at 27 million barrels a day at a meeting held yesterday. The March crude contract closed up $1.02 to $48.20 in Nymex trading. "Since the merger news started Friday, things have been good, especially with the peaceful election and oil prices staying down," said Jay Suskind, head of institutional equity trading with Ryan Beck & Co. "The market is on a relief rally since the election news. I see the market continuning on this trek, leading into the Fed meeting and the important nonfarming payroll numbers Friday."