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Stocks posted solid gains with beaten-down financial shares staging a comeback on news of a big capital infusion into a major global bank. The Dow jumped 101 points. The S&P posted an 11-point gain. And the Nasdaq rose nearly 13. Swiss bank UBS announced $10 billion in writedowns from sub-prime mortgages. UBS also announced it obtained an emergency capital injection from the government of Singapore as well as an unnamed Middle East investor. Also fueling positive sentiment, news that JPMorgan Chase, the number three US bank, has held talks with the Investment Corporation of Dubai on ways to cooperate. A near three percent gain in shares of JP Morgan Chase (JPM.N) led financial shares higher in the Dow and the S&P 500. Other interest rate sensitive companies - like mortgage lenders and homebuilders - gained ground as well amid expectations the Federal Reserve will cut interest rates again on Tuesday to stimulate the sluggish US economy. While many money managers would agree the US economy is growing below trend, some also say global cyclicals are the place to be for 2008. Robert Doll, Global Chief Investment Officer at Blackrock, manages $45 billion dollars. He was speaking at the Reuters Investment Outlook Summit. SOUNDBITE: Robert Doll, Global Chief Investment Officer at Blackrock, saying (English): "The rest of the world is still growing OK, especially Asia. So we don't want to ignore that. That takes us to yet other technology stocks and then selected industrial stocks and a few material and energy stocks along the way" Growth in its domestic and international markets helped McDonalds report 8.2% growth in same store sales. Shares of the dow component rose nearly three percent. European stocks gained for the fourth consecutive session Monday, rising to their highest level in five weeks. Banks rose on expectations the worst may be over for the financial sector after UBS announced its writedown. Germany's Dax and Paris's CAC-40 both gained about half a percent. London's FTSE rose fractionally. Sasha Salama, Reuters.