Stocks ends up as banks lead late rebound
U.S. stocks rose on Monday, led by financial shares in a late rebound on hopes that possible fallout for U.S. banks from Dubai's debt woes will be contained.
The Dow Jones industrial average posted its fifth-straight month of gains, while both the Dow and the S&P 500 had their largest monthly percentage advances since July.
On Monday, the Dow Jones industrial average <.DJI> gained 34.92 points, or 0.34 percent, to close unofficially at 10,344.84. The Standard & Poor's 500 Index <.SPX> rose 4.14 points, or 0.38 percent, to finish unofficially at 1,095.63. The Nasdaq Composite Index <.IXIC> added 6.16 points, or 0.29 percent, to close unofficially at 2,144.60.
(Reporting by Rodrigo Campos; Editing by Jan Paschal)
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