US stocks close higher as turbulence fades

NEW YORK (AP) -- U.S. stocks closed higher Monday with modest gains following last week's turbulence.<br /> <br /> All three main stock indexes ended higher.<br /> <br /> The Standard & Poor's 500 rose 17 points, or 0.9 percent, to 1,904. The Nasdaq rose 57 points, or 1.4 percent, to 4,316.<br /> <br /> The Dow Jones industrial average eked out a gain after spending most of the day in the red. The Dow was held back by a sharp decline in IBM, which reported disappointing results. The Dow ended up 19 points, or 0.1 percent, at 16,399.<br /> <br /> Sears jumped 23 percent after saying it would raise cash and had signed a leasing deal with the European fashion retailer Primark.<br /> <br /> Bond prices didn't move much. The yield on the 10-year Treasury note was flat at 2.19 percent.

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