US stocks climbed on Monday (March 24), as investors were pleased with the revised Bear Stearns deal that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago.
The Dow Jones industrial average rose 187.32 points, or 1.52%, to 12,548.64. The NASDAQ composite index rose 68.64 points, or 3.04%, to 2,326.75.
The yield on the benchmark 10-year Treasury note, which moves opposite its price, moved up to 3.55% in late trading.
Majority of the Indian ADRs ended on a positive note barring Sterlite Industries that ended lower 0.82% at USD 17.