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Stocks stage late-day rally

Stocks stage late-day rally

The stock market staged a late-day rally Monday, helping push the Dow Jones industrial average and other U.S. indexes higher for the first time in a week.

Investors had a couple pieces of positive news to get behind: a decent earnings report from Berkshire Hathaway and the announcement of a rescue package for a struggling Portuguese bank.

However, investors remain cautious after last week's sell-off, which gave the Standard & Poor's 500 index its worst five-day period in more than two years.

“Everyone is double-checking their own portfolio after what happened last week,” said Jack Ablin, chief investment officer at BMO Private Bank in Chicago....