U.S. stocks close after solid gains

The major stock indexes in the United States ended on Monday with strong gains and ended three consecutive sessions with decreases thanks to the technology industry and finance rose rose by an announcement on bank capital requirements less onerous than expected.
The Dow Jones Industrial Average ended with a rise of 108.98 points, or 0.91%, to 12043.56. Within the Dow, Microsoft Corp. led advances with Bank of America Corp. Of the 30 index components, 26 ended in positive territory.
The Standard & Poor's 500 rose 11.65 points, or 0.92%, to 1,280, led by financial, technology and consumer discretionary. The barometer 10 sectors finished in positive territory.
The Nasdaq Composite Index, high technology, gained 35.39 points, or 1.33%, to 2688.28. The technological issues presented strong gains after falling 1.3% on Nasdaq on Friday.
Microsoft, added 90 cents, or 3.7% to U.S. $ 25.20. It is expected that the software giant to enter the cloud computing version of its Office program that week. It has also begun to speculate that Windows 8 might be released in April, months earlier than anticipated.
Movements of today came after international regulatory authorities agree to establish additional reserve requirements for the world's largest banks. The agreement, reached during the weekend in Basel, Switzerland, will force global banks that are considered too big to fail to maintain significantly higher capital reserves than other institutions.
With all this, analysts and investors found solace in the fact that capital requirements do not seem as overwhelming as it had previously anticipated.
"It is an important step to leave behind all the questions on capital," said Barry Knapp, portfolio strategist at Barclays Capital U.S..
Shares of Bank of America gained 33 cents, or 3.1% to U.S. $ 10.85. The largest U.S. bank by assets has been under pressure due to investor uncertainty about how the entity would meet the capital requirements. J.P. Morgan Chase, another Dow component, gained 39 cents, or 1% to U.S. $ 39.88.
Investors also kept attention focused on Greece and the vote in Parliament later this week on further austerity measures. Approval of the measures is a condition for handing over aid to Greece by the European Union and international organizations.
The European Commission confirmed on Monday that is directly involved in negotiations between national authorities and banks on private sector involvement in a new bailout for Greece.
On the economic front, U.S. consumer spending, considered an engine for economic growth, remained unchanged in May from the previous month, amid concerns about weak labor market and rising prices, said Monday the Commerce Department. This suggests that the economic recovery remains weak.
Meanwhile, personal income rose 0.3%, added dependency.
Economists polled by Dow Jones Newswires had forecast, on average, a 0.1% increase in expenditure and 0.4% in revenue in May.
On the corporate front, the industry group Stanley Black & Decker Inc. offered to acquire the Swedish company security technology Niscayah in a deal valued at U.S. $ 1,200 million, including debt. Shares of Black & Decker Stanley rose 22 cents, or 0.3% to U.S. $ 69.50.
Pfizer Inc. said Friday night it is considering a "strategic transaction" with the biopharmaceutical cluster Icagen Inc., which could result in an acquisition of assets or a merger. Icagen shares rose U.S. $ 3.93 or 164% to $ 6.33, while Pfizer advanced 0.5% to U.S. $ 20.17.
Several pharmaceutical companies issued late on Friday a series of research on treatment for diabetes, including popular data treatment Byetta, which resulted in an increase of 85 cents, or 7.2% to U.S. $ 12.68 to actions Amylin Pharmaceutical Inc. Shares of MannKind Corp. added 16 cents, or 4% to U.S. $ 4.15 after the encouraging statements about inhaled insulin treatment.