Dow Jones Newswires | U.S. stocks rose Monday, as hopes for global growth were lifted by an unexpectedly strong jump in euro zone industrial production and encouraging comments from a Federal Reserve member. Caterpillar led the measure’s gains, rising 2 percent as expectations for global demand rose.

Technology components also strengthened as demand for riskier stocks
returned. Hewlett-Packard rose 1.9 percent, while Intel gained 1.7 percent.

Only J.P. Morgan slipped into the red, falling 0.6 percent.

The Nasdaq Composite rose 1% to 2266. The Standard & Poor’s
500-share index gained 0.7% to 1099, with all of its sectors positive.
The industrial and consumer discretionary sectors led the advances,
while financials lagged.

Broadly boosting hopes for renewed global growth, St. Louis Fed
President James Bullard, speaking in Tokyo, said Monday that he expects
an Asian-led world economic recovery to continue, and that he didn’t see
evidence of a Chinese bubble. Nor did he think the European debt crisis
was poised to derail the economic recovery.