Stocks end higher, financial shares lead

NEW YORK (AP) - Stocks rose broadly on Monday, recouping some losses from a sell-off last week, as investors tried to look beyond uncertainty about the outlook for interest rates.

The major U.S. indexes dipped into losses in the afternoon on sharp declines for drugmakers. The drop was sparked by a tweet from Democratic presidential front-runner Hillary Rodham Clinton about plans to stop "price gouging" in the industry. But rising technology and banking shares helped lift the market by the end of the day.

Jack Ablin, chief investment officer at BMO Private Bank, said that investors have been conditioned to buy after big drops during the long bull market, and that's what they did Monday.

The Dow Jones industrial average closed up 125.61 points, or 0.8 percent, to 16,510.19.

The Standard & Poor's 500 index rose 8.94 points, or 0.5 percent, to 1,966.97. Nine of the 10 industry sectors in the index rose. The Nasdaq composite gained 1.73 points, or less than 0.1 percent, to 4,828.95.