Stocks Rally

Indices ended with gains on Monday. Bank of America, General Electric, Exxon Mobil and Chevron led the upswing. The market recovered fully from U.S. credit downgrade levels. Meanwhile, Sysco posted quarterly data. The restaurant food distributor earned $336.3 million, or 57 cents per share, versus $337.8 million, or 57 cents, a year ago. In merger action, Google has agreed to acquire Motorola Mobility in a $12.5 billion deal. Transocean plans to purchase Aker Drilling for $1.43 billion. Time Warner Cable is in advanced negotiations to buy Insight Communications for nearly $3 billion. On the horizon, Home Depot, Walmart and Dell are set to release earnings details tomorrow.

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