U.S. stocks on Monday climbed for a third session -- to chalk up a gain of a more than 7% during the longest winning run in weeks -- as relative calmness reigned and investors embraced Google Inc.’s $12.5 billion play for Motorola Mobility Holdings Inc.
“Clearly, just psychologically the market is exhausted after the two and a half weeks we’ve had, and today is more of a response to no calamity over the weekend,” said Jay Suskind, a senior vice president at Duncan-Williams Inc.
“The market took a step back and said, okay we’ve had this correction, let’s let cooler heads prevail,” Suskind added.
Dow Jones Industrial Average
(DJI: ^DJI )
| Index Value: | 11,482.90 |
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| Trade Time: | 4:03PM EDT |
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| Change: |  213.88 (1.90%) |
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| Prev Close: | 11,269.02 |
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| Open: | 11,269.85 |
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| Day's Range: | 11,269.85 -11,484.60 |
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| 52wk Range: | 9,915.73 -12,928.50 |
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