Wall Street stocks rose more than 1 percent in midafternoon trading on Monday, led by technology, consumer discretionary and financial stocks.

The Dow Jones industrial average <.DJI> was up 150.42 points, or 1.26 percent, at 12,085.00. The Standard & Poor's 500 Index <.SPX> was up 14.79 points, or 1.17 percent, at 1,283.24. The Nasdaq Composite Index <.IXIC> was up 39.51 points, or 1.49 percent, at 2,692.40.

(Reporting by Angela Moon, Editing by Kenneth Barry)