U.S. stocks knock out a third month of gains

NEW YORK (MarketWatch)
U.S. stocks on Friday notched a third month of gains that have largely priced in another round of easing by the Federal Reserve and policy action in Europe to address its debt crisis
The market drew "a lift today on further confirmation that [Fed Chairman Ben] Bernanke does have another round of QE in his back pocket," said Jeffrey Kleintop, chief market strategist at LPL Financial
After a 151-point climb, the Dow Jones Industrial Average rose 90.13 points, or 0.7%, to 13,090.84, giving it a 0.6% August gain and a 0.5% decline on the week
The S&P 500 index climbed 7.10 points, or 0.5%, to 1,406.58, rising 2% for the month and down 0.3% for the week
The Nasdaq Composite advanced 18.25 points, or 0.6%, to 3,066.96, up 4.3% for the month and off 0.1% for the week