By
The Dow Jones Industrial Average rose 83.78 points (0.66 percent) to 12,716.69 in closing trade, well off session highs. The S&P 500, a broader measure of the markets, advanced 11.64 points (0.89 percent) to 1,324.05, while the tech-heavy Nasdaq was the strongest performer, adding 34.32 points (1.22 percent) to 2,848.16. "Wall Street is cheering increased speculation about a long-awaited initial public offering from social media site Facebook," said Karee Venema at Schaeffer's Investment Research. Facebook is poised to file papers for an IPO seeking to raise at least $5 billion, according to US media reports.