The Dow Jones industrial average rose 217 points in Monday trading to close at 17,978.

The S&P 500 rose 23 points to 2,100.

The Nasdaq rose 74 points to 5,072.

The LABJ Stock Index rose two points to 237.

Gainers and Losers

Monday’s biggest local gainer was Pasadena’s General Finance Corp. Shares of the company, which leases portable buildings and storage tanks, rose 9 percent on the day, closing at $5.61.

Monday’s biggest loser was BreitBurn Energy Partners. Shares of the Los Angeles oil and gas company fell 8 percent on the day, closing at $3.84. Oil prices also sank Monday on news that negotiators might be nearing a deal that could lift sanctions on oil-rich Iran.