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New York, NY, United States (AHN) – U.S. stocks continued its surge for the third straight day on Monday sending back the Dow Jones Industrial Average above the 12,000 level.

The $39 billion merger of AT&T and T-Mobile plus improving containment of overheating nuclear reactors in disaster-stricken Japan sparked investors’ rally that send the Dow rising 173 points or 1.5 percent to 12,036. The Dow was below the psychological level since after the March 11 earthquake and tsunami that hit northeastern Japan.

The Standard & Poor’s 500 Index closed 19 points or 1.5 percent up at 1,298 led by luxury retailer Tiffany & Co.

The Nasdaq Composite Index added 48 or 1.8 percent to close at 2,692.

Crude oil for April delivery rose $1.26 or 1.3 percent to settle at $102 per barrel. The rise came as an international coalition forces continued air strikes on Libyan military targets on Monday as part of a UN Security Council sanctioned no-fly zone aimed at protecting rebels in the north African country.

Gold futures for April delivery jumped $13.70 or 1 percent to $1,430 an ounce.

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