Wall Street rebounds after recent losses; financials help

U.S. stocks rose on Monday, rebounding from losses last week, with gains in Berkshire Hathaway boosting the financial sector. "What we're seeing now is the market bouncing back after selling off on disappointment on the central bank front late last week," said Adam Sarhan, chief executive of Sarhan Capital in New York. Recovering oil prices and an accommodative Federal Reserve have helped the S&P 500 rise 15 percent since February - about 3 percent short of its all-time high.