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By: CNBC.com | 29 Jun 2009 | 11:43 AM ET
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Stocks rallied Monday as Bernie Madoff received the maximum sentence and oil topped $71 a barrel.

Major U.S. Indexes
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Saying symbolism is important, a judge sentenced convicted Ponzi swindler Bernard Madoff to 150 years in prison.

>> Tips for Surviving Prison: Bernie Madoff Edition

Oil stocks rose as crude gained more than $1, topping $71 a barrel.

Investors will also be looking to economic data for signs of recovery. On tap this week are reports on manufacturing, pending-home sales and unemployment.

Fast-food giant Wendy's [WEN  Loading...      ()   ] saw its shares pop after Barron's wrote that the company could be significantly undervalued and poised for a sharp move higher.

Drug stocks were mostly lower. But Sanofi Aventis [SNY  Loading...      ()   ] rose after a Financial Times report that the Paris-based pharmaceutical was preparing to make acquisitions to strengthen its position in the industry.

UBS [UBS  Loading...      ()   ] rose after the Swiss bank said it will pay it will pay between $2.77 billion and $4.62 billion to settle a US tax probe.

But most bank stocks were lower, including Citigroup [C  Loading...      ()   ] and Bank of America [BAC  Loading...      ()   ].

State Street [STT  Loading...      ()   ] shares slipped after the bank received a "Wells Notice" from the Securities and Exchange Commission regarding a probe into various investment moves in 2007 and in prior periods. State Street said it is cooperating with the inquiry.

Viacom shares [VIA  Loading...      ()   ] rose after "Transformers" proved to be a summer blockbuster for the media giant, raking in $201.2 million in the five days since it hit theaters Wednesday. Hasbro [HAS  Loading...      ()   ], which has the licensing rights to "Transformer" products, saw its shares decline. One analyst projected the movie tie-in products could contribute $550 million to Hasbro's sales this year.

This Week:

MONDAY: Manufacturing reports from Dallas, Chicago Fed branches; Earnings from H&R Block
TUESDAY: Case-Shiller home-price index; leading indicators; Conf. Board consumer confidence; Fed's Bullard, Hoenig and Yellen speak
WEDNESDAY: Weekly mortgage applications; ISM manufacturing index; construction spending; pending-home sales; weekly crude inventories; Fed's Evans speaks
THURSDAY: Weekly jobless claims; May jobs report; factory orders
FRIDAY: All U.S. financial markets closed for the Independence Day holiday

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