Dow Jones Industrial Average recovers on Monday

Dow Jones Industrial Average index advanced on Monday as US retail sales in March surged by 0.8% instead of expected 0.4% gain. Blue chip index gained 0.56% or 71.82 points and closed at 12,921.41 with all sectors posting gains. Procter& Gamble jumped 1.5% after the firm raised its quarterly dividend. Caterpillar climbed 0.8% after heavy machinery equipment provider was upgraded from neutral to buy at Bank of America. The main decliner was Hewlett Packard which gave up 1%.