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By Riva Gold and Daniel Huang 

U.S. stocks rose Monday as companies unleashed a fresh round of deals and earnings.

The Dow Jones Industrial Average rose 64 points, or 0.4%, to 18210. The S&P 500 gained 0.4%, while the Nasdaq Composite rose 0.8%.

Technology shares rose broadly, helping lift the Nasdaq and leading gains in the S&P 500.

B/E Aerospace surged 16% after Rockwell Collins reached a deal to buy it. T-Mobile US added 7.9% after announcing increased profits and market share in the most recent quarter.

Monday's moves came after the S&P 500 snapped a two-week losing streak on Friday following deal talks and better-than-expected earnings. By the end of this week, 292 companies in the S&P 500 are expected to have reported earnings, according to FactSet.

"It's all about earnings right now," said Bill Northey, chief investment officer at the Private Client Group at U.S. Bank, noting company performance rather than macroeconomic developments has been the key driver of stock markets in recent sessions.

Mergers also have been fueling moves.

Shares of TD Ameritrade lost 3.2% after the company said it agreed to buy Scottrade Financial Services in a $4 billion deal. Shares of AT&T declined 1.6% after it reached an agreement to buy Time Warner for $85.4 billion, while shares of Time Warner dropped 2.7%.

"This is an environment where corporations are looking into the future -- where interest rates are moving up -- and they're using this as an opportunity to better position themselves in a low-rate environment," said Robert Pavlik, chief market strategist at Boston Private Wealth. Companies can borrow more cheaply at low rates in order to fund acquisitions.

U.S. government bonds pulled back Monday, with the yield on the 10-year Treasury note rising to 1.768% from 1.740% Friday. Yields move inversely to prices.

Spanish assets led gains in Europe after the country ended its 10-month leadership impasse on Sunday as Mariano Rajoy was assured of re-election as prime minister. Spain's IBEX 35 index gained 1.3%.

"It's a mini-step forward potentially in Spain," said David Lloyd, head of institutional fund management for fixed income at M&G Investments, but more broadly, "the issue of political uncertainty is just about everywhere you look," he said.

European bank shares continued to perform well after a strong week, with the Euro Stoxx Banks index rising 2.7% Monday. Spanish lenders were among the best performers, with shares of Banco Popular Español up 4.2% and Banco Santander up 3.7%.

Germany's DAX index added 0.5% and closed at its highest level of the year, while the Stoxx Europe 600 fell less than 0.1%.

Earlier, stocks in Asia were mostly higher, led by a 1.2% rise in the Shanghai Composite Index. Shares in Hong Kong climbed 1%, while Japan's Nikkei Stock Average inched up 0.3% after data showed Japanese exports fell for a 12th consecutive month, but at a slower pace.

In commodities, U.S. crude oil fell 2% to $49.86 a barrel after Iraq signaled it wanted to be excluded from OPEC's production cut plan.

Write to Riva Gold at riva.gold@wsj.com and Daniel Huang at dan.huang@wsj.com

(END) Dow Jones Newswires

October 24, 2016 13:55 ET (17:55 GMT)

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