Stocks turned higher late on Monday, boosted by financial shares as optimism that big banks will post reassuring quarterly results buoyed sentiment.

The market recovered from earlier losses driven by Boeing's disappointing outlook, a pullback in oil prices and worries about General Motors' fate.

The Dow Jones industrial average <.DJI> added 6.93 points, or 0.09 percent, to 8,090.31. The Standard & Poor's 500 Index <.SPX> rose 5.45 points, or 0.64 percent, to 862.01. The Nasdaq Composite Index <.IXIC> put on 4.81 points, or 0.29 percent, to 1,657.35.

(Reporting by Leah Schnurr; Editing by Jan Paschal)

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