S&P 500 set to snap six-day losing streak

NEW YORK (Reuters) - Stocks rose on Monday with the S&P 500 on course to snap a six-day losing streak and all three major indexes up over 1 percent as investors picked up bargains following the biggest weekly decline for equities in almost six months.

The Dow Jones industrial average <.DJI> shot up 127.22 points, or 1.03 percent, to 12,496.60. The Standard & Poor's 500 Index <.SPX> gained 20.50 points, or 1.58 percent, to 1,315.72. The Nasdaq Composite Index <.IXIC> climbed 66.59 points, or 2.40 percent, to 2,845.38.

(Reporting by Edward Krudy; Editing by Jan Paschal)