US stocks gained on Monday, ending a volatile session higher, as investors looked beyond massive job cuts at Caterpillar and Home Depot among others and opted to snap up battered stocks.
The Dow Jones Industrial Average rose 38.50 points, or 0.5%, to 8,116.03. The Standard & Poor's 500 index added 4.6 points points, or 0.6%, to 836.57. The Nasdaq Composite index advanced 12.20 points or 0.8%, to 1,489.46.
US stocks had tumbled last week on disappointing set of earnings, continued problems for the ailing bank sector and questions about when and how the new administration will be able to engineer the economic revival.
