Wall Street jumped Monday after a new report suggested to investors that the economy, while sluggish, is likely still growing. The Dow Jones industrial average rose more than 100 points. Canadian stock markets are closed for the Victoria Day holiday. The Conference Board's leading economic indicators report for the U.S. showed a 0.1 per cent rise for April, following a similar up tick in March. The index, aimed at predicting economic activity in the next three to six months, bolstered investors' belief that the overall U.S. economy, while weak, is positioned for recovery. After five months of declines in the index, some investors had been worried that March's increase was an anomaly - so April's advance was met with relief, said Hugh Johnson, chief investment officer of Johnson Illington Advisors. Though stocks made sizable gains Monday, many investors likely remain mindful of the rising price of oil and its effect on consumer spending. Crude climbed above $127 (U.S.) a barrel on the New York Mercantile Exchange, while the price of a gallon of regular gasoline topped $4 for the first time in two U.S. metropolitan areas. Meanwhile, Lowe's Cos. posted a first-quarter profit decline and issued an outlook for the year that came in below analyst estimates. The second-largest home improvement chain fell 64 cents, or 2.5 per cent, to $24.25. In midday trading, the Dow rose 110.08, or 0.85 per cent, to 13,096.88. Broader stock indicators also rose. The Standard & Poor's 500 index advanced 13.25, or 0.93 per cent, to 1,438.60, and the Nasdaq composite index rose 20.70, or 0.82 per cent, to 2,549.55. Government bond prices fell as stocks climbed. The yield on the benchmark 10-year Treasury note, which moves opposite its yield, rose to 3.88 per cent from 3.85 per cent late Friday. The dollar rose against most other major currencies, while gold prices also climbed. Light, sweet crude fell 24 cents to $126.05 a barrel on the Nymex. In corporate news, BCE Inc. shares tumbled more than 6 per cent Monday after reports that the $35-billion takeover of the Canadian telecom giant appeared to be in trouble as banks committed to financing the deal sought to renegotiate terms. Microsoft Corp. has renewed talks with Yahoo Inc. about a possible deal to bolster the companies' position in the online search and advertising markets. The software maker did not say if the discussions included a takeover of Yahoo. Yahoo said its directors "remain open to pursuing any transaction which is in the best interest of our stockholders." Microsoft fell 40 cents to $29.59, and Yahoo rose 23 cents to $27.89. General Motors Corp. rose after one of its biggest suppliers reached a tentative labor deal with the United Auto Workers. The agreement with American Axle & Manufacturing Holdings Inc. may end a nearly three-month strike by 3,650 U.S. hourly workers. GM advanced 48 cents, or 2.2 per cent, to $21.16. The Russell 2000 index of smaller companies rose 5.48, or 0.74 per cent, to 746.65. Advancing issues outnumbered decliners by about 2 to 1 on the New York Stock Exchange, where volume came to 385.1 million shares. In overseas trade, Tokyo's Nikkei closed up 0.35 per cent. In Europe, London's FTSE added 1.15 per cent, Frankfurt's DAX rose 0.97 per cent and Paris' CAC 40 was up 1.26 per cent.