The exchange in Caracas began operating with corporate bonds issued by the Venezuela-based subsidiary of Japanese carmaker Toyota and the local company Envases Venezolanos, Planning and Finance Minister Jorge Giordani said on state television as he visited the bourse for its official launch.

He did not provide details about the corporate bonds such as amounts or interest rates, nor how much activity there was on Monday.

The Bicentennial Public Securities Exchange will compete with the privately run Caracas Stock Exchange.

Trading in the private stock exchange has dwindled after President Hugo Chavez nationalized some companies that traded shares, and it has been nearly paralyzed since securities regulators shut down and took over management of 47 brokerage companies last year.

Three other senior executives at the Charlotte, N.C.-based bank are getting salary bumps of 6.25 percent, to $850,000 from $800,000, in addition to stock awards.

In a regulatory filing, the bank says Charles H. Noski, the chief financial officer, Joe Price, the president of consumer and small business banking and Thomas K. Montag, the president of global banking and markets, are all seeing their base pay rise.

None of the executives will receive cash bonuses.

Exxon Mobil Corp. gained 2.1 percent after it reported its most profitable quarter since 2008. Massey Energy Co. jumped 9.8 percent after Alpha Natural Resources Inc. said that it would buy the coal producer in a $7.1 billion deal. Alpha Natural Resources fell 7.2 percent.

The Massey deal suggests "maybe coal isn't dead," said Kim Caughey Forrest, equity research analyst at Fort Pitt Capital Group. It also raises hopes for similar deals in the future, she said.

Concerns remained over Egypt's impact on oil prices. The country is not a major producer of oil, but it plays a key role in the industry because it controls the Suez Canal, a major route for oil tankers and cargo ships. Crude oil prices rose 3 percent to $92.19 a barrel.

"The market wants to work its way higher," said Sam Stovall, chief investment strategist of Standard & Poor's. "The big worry is the unknown — the cascading effects that could occur."

The Dow Jones industrial average gained 68 points, or 0.6 percent, to close at 11,891.93. The broader Standard and Poor's 500 index rose 10, or 0.8 percent, to 1,286.12. The Nasdaq composite index gained 13, or 0.5 percent, to 2,700.08.

The Commerce Department said Friday that gross domestic product grew at an annual rate of 3.2 percent between October and December. That's up from 2.6 percent in the previous quarter, but below the 3.5 percent analysts had forecast.

Disappointing corporate news was also sending stocks lower. Ford Motor Co. lost 10 percent after its earnings fell short of Wall Street's projections. Amazon.com Inc. fell 7.5 percent after reporting that higher costs cut down its profit margins.

The Dow Jones industrial average fell 13 points, or 0.1 percent, to 11,977 in morning trading. The Standard & Poor's 500 index fell 3, or 0.2 percent, to 1,297.

The Nasdaq composite index fell 27, or 1 percent, to 2,728. The index was not updated nearly an hour after the market opened due to technical problems.

Sara Lee Corp. fell 7 percent after announcing a plan to split into two companies. One, a food and retail business, will keep the Sara Lee name and also operate the Jimmy Dean and Hillshire Farms businesses. The other, which has yet to be named, will hold the current company's beverages and baked goods lines. The company had considered selling the whole business but was unable to get a satisfactory price for it.

Sales of Office 2010 to businesses buoyed the results, as did the popularity of Kinect, Microsoft's new motion-sensing controller for the Xbox 360 video game system.

The results for October through December leaked online more than an hour before they should have been released, prompting a temporary spike in trading before the markets closed. After investors had time to digest the full report, however, it became clear that a solid quarter isn't enough to give the company's shares more than a temporary lift. Companies carefully time the release of key financial information to comply with complex Securities and Exchanges Commission rules.

Much of Microsoft's business depends on selling copies of the Windows operating system and Office desktop software, both of which are tied to the health of the personal computer market.

Revenue in the Windows division plunged 30 percent to $5.1 billion. Microsoft launched Windows 7 in the same quarter of 2009, making for a tough comparison. Meanwhile, in the 2010 quarter, worldwide personal computer shipments only grew about 3 percent as Apple Inc.'s iPad and the promise of more tablet devices to come made consumers think twice about what kind of device to buy.