NEW YORK - US stocks rallied, lifting the Dow and S&P 500 to their biggest one-day point gains in six months, after White House economic adviser Ben Bernanke's nomination to succeed Federal Reserve Chairman Alan Greenspan put to rest some market uncertainty. Earnings reports also buoyed investor sentiment. The Dow Jones industrial average rose 169.78 points to 10,385.00. The Standard & Poor's 500 Index gained 19.79 points to 1199.38. The Nasdaq Composite Index advanced 33.62 points to 2115.83. LONDON - British shares closed higher, grabbing back part of last week's steep losses as oil majors BP and Royal Dutch Shell bounced in anticipation of results this week, while caterer Compass Group gained on bid talk. The FTSE 100 index closed 65.5 points higher at 5207.6 in a rally many had seen as predictable in the wake of last week's 2.5 percent drop. FRANKFURT - The DAX index ended at 4901.79, up 63.39 points. PARIS - The CAC-40 index closed at 4421.97, up 55.45 points. TOKYO - The Nikkei slipped around three quarters of a per cent, falling for the 10th time in 13 sessions as technology firms declined due to concerns about their earnings prospects. The Nikkei finished the day down 93.77 points at 13,106.18. HONG KONG - Hong Kong stocks dipped with shipping shares slipping on further signs of declining freight rates while tourism-related shares fell on growing concern about bird flu. The Hang Seng Index ended 85.50 points lower at 14,402.35. WELLINGTON - The New Zealand market was closed for the Labour Day holiday. In SYDNEY, the Australian share market is expected to open sharply firmer as a positive lead from US markets, coupled with a raft of domestic news, should ensure the local bourse opens firmly in the black. On the Sydney Futures Exchange, the December share price index contract was 54 points firmer at 4420. On the day shareholders from Telstra, Pacific Brands, Skilled, Healthscope, Orbital, Futuris, PaperlinX, Transurban, JB Hi-Fi, Village Life, Stockland and Investor Group all get the chance to front annual general meetings, while the ANZ Bank releases its full year results, kicking off the start of the bank reporting season.