U.S. stocks finished higher on Monday. In world markets, European stocks ended higher, led by the CAC 40 in France rising 1.4 percent. Asian markets ended mixed, as the Shanghai Composite fell 1.6 percent and the Hang Seng in Hong Kong rose 0.7 percent. In U.S. economic news, the Commerce Department said orders for manufactured goods decreased 0.4 percent in October following a 0.1 percent decline the previous month. Meanwhile, the U.S. service sector, which employs 90 percent of the U.S. labor force, expanded at a slower pace in November, the Institute for Supply Management (ISM) said. November's ISM service-sector index fell to 52 last month from 52.9 in October. The U.S. dollar fell versus the euro and versus the yen. Light sweet crude oil for January delivery rose 3 cents to $100.99 a barrel on the New York Mercantile Exchange. Gold futures fell $15.80 to $1,735.50 an ounce. The Dow Jones industrial average rose 78.4, or 0.7 percent, to 12,097.83. Bank stocks were among the biggest gainers, with J.P. Morgan Chase and Bank of America posting the best gains on the Dow. The broader Standard & Poor's 500 index rose 12.8, or 1.0 percent, to 1,257.08. The technology-heavy Nasdaq composite index rose 28.83, or 1.1 percent, to 2,655.76.
