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By Kristina Cooke

NEW YORK, Jan 14 (Reuters) - U.S. stocks rose on Monday after strong results from IBM (IBM.N: Quote, Profile, Research) relieved concerns about the global economy and spurred a broad rebound from last week's slide.

The surprise preliminary report ahead of International Business Machines Corp's scheduled earnings release on Thursday eased fears about how much a global economic slowdown would cut into corporate profits. That, in turn, could help shore up a U.S. economy that some believe is on the brink of recession.

More than half of IBM's revenue gains were due to currency benefits, suggesting other companies with big foreign sales, such as McDonald's Corp (MCD.N: Quote, Profile, Research) and Caterpillar Inc (CAT.N: Quote, Profile, Research), could profit from the weakened dollar.

"It would be good to see more results like this, as that would mean those calling for a recession were doing so prematurely," said Linda Duessel, market strategist at Federated Investors in Pittsburgh.

The Dow Jones industrial average .DJI was up 171.85 points, or 1.36 percent, at 12,778.15. The Standard & Poor's 500 Index .SPX was up 15.23 points, or 1.09 percent, at 1,416.25. The Nasdaq Composite Index .IXIC was up 38.36 points, or 1.57 percent, at 2,478.30.

The rebound came after the S&P 500 posted its fourth-worst start of the year in the history of the benchmark index. At the end of last week, charts showed stocks at their most "oversold" levels since 2005.

Adding to the upbeat tone, Credit Suisse raised U.S. equities to "overweight" for the first time this decade, saying the United States has historically outperformed when leading economic indicators fall "because the speed of macro and corporate policy response is best there."