Stocks Higher As Market Waits for Fed

Wall Street rebounded Monday as investors hoped that speeches from Federal Reserve officials will offer insight into the central bank's plans following a dismal employment report Friday.

Also lifting stocks _ particularly in the technology sector _ Intel Corp., the world's largest chip maker, boosted its third-quarter revenue outlook, citing stronger-than-expected chip demand.

There's little economic data due Monday, but San Francisco Fed President Janet Yellen, Dallas Fed President Richard Fisher and Fed Governor Frederic Mishkin are slated to speak at various events. Investors will be keen to learn their perspectives on the health of the economy and for any hints as to what the central bank might do when it meets Sept. 18.

Atlanta Fed President Dennis Lockhart said early Monday investors should consider Friday's unemployment report alongside a mostly strong batch of retail sales reports seen recently. His comments were largely similar to those he made in a speech last week. However, in prepared remarks for Monday's speech, he didn't include the assertion that he yet to witness any conclusive evidence that weakness from the housing market had spread to other parts of the economy.

The Dow Jones industrial average rose 63.24, or 0.48 percent, to 13,176.62.

The Standard & Poor's 500 index rose 5.71, or 0.39 percent, 1,459.26, and the technology-dominated Nasdaq composite index was up 19.28, or 0.75 percent, at 2,584.98.