Updated with closing prices.The major stock indices rose more than 1% Monday as investors warmly received more earnings, economic and corporate headlines, including news that small business lender CIT Group ( CIT) secured rescue financing. The Dow Jones Industrial Average rose 104.21 points, or 1.2%, to 8848.15, while the S&P 500 climbed 10.75 points, or 1.1%, to 951.13. The Nasdaq Composite edged up 22.68 points, or 1.2%, to 1909.29. Caterpillar ( CAT) shares were leading the Dow, up 7.8%, after Bank of America/Merrill Lynch upgraded the stock to buy a day ahead of its quarterly earnings release. Meanwhile, Goldman Sachs raised its annual forecast for the S&P 500, upping its year-end target to 1060 from 940, predicting strength in earnings will drive stocks higher in the second half of the year. The major indices surged more than 7% last week after a better-than-expected batch of earnings and a round of somewhat improved economic data lifted recovery hopes and spirits on Wall Street. Economic data were on the light side at the start of the new week with just the Conference Board's leading indicators report. The index rose slightly more than expected, by 0.7% in June, after a 1.3% increase the month prior. Two stocks -- CIT Group and Human Genome Sciences ( HGSI) -- made headlines early, also offering some support to the bulls. The CIT board approved a deal Sunday evening with some of its major bondholders to help the struggling small business lender avert a bankruptcy filing through a $3 billion emergency loan, The New York Times reported. Shares rose 78.6% to $1.25.