Dow industrials finish up 160 points, recouping last week's losses

SAN FRANCISCO (MarketWatch)
U.S. stocks erased a week's worth of losses Monday, adding gains throughout the session after Federal Reserve Chairman Ben Bernanke's skeptical views on labor-market improvement were read as a sign the central bank would keep its stimulus measures intact, and could even expand them
Bargain hunting and a positive reading on German confidence also helped
The Dow Jones Industrial Average rose 160.90 points, or 1.2%, to 13,241.63, recouping last week's 152-point, or 1.2%, loss, its worst week of the year
The S&P 500 rose 19.40 points, or 1.4%, to 1,416.51, also wiping out last week's 0.5% decline
The Nasdaq Composite gained 54.65 points, or 1.8%, to 3,122.57, extending last week's minor advance