U.S. Stocks kept on pacing gains to close the day in green, as investors grew more optimistic that European policy makers will make a significant progress and prevent the continent’s debt crisis from getting worse.
The Dow Jones Industrial Average index gained 146.83 points or 1.33% to close at 11190.69 levels, the index reached the highest point at 11369.30 and the lowest point at 11045.23, By closing 25 shares inclined while 5 shares declined.
The Standard & Poor’s 500 Index added 12.43 points or 1.07% to close at 1175.38 levels, the index reached the highest point at 1195.86 and the lowest point at 1162.32, By closing 400 shares inclined while 98 shares declined and 2 shares remained unchanged.
The NASDAQ Composite Index rose 30.14 points or 1.20% to close at 2546.83 levels, the index reached the highest point at 2590.94 and the lowest point at 2532.65, By closing 1825 shares inclined while 599 shares declined and 183 shares remained unchanged.
Bank of America Corp and JP Morgan Chase & Co shed nearly 1.82 percent and 0.25 percent respectivley, PulteGroup Inc climbed 1.22 percent, following a report that showed US home prices declined below median estimates.
Apple Inc retreated 0.97 percnet, despite JPMorgan analyst said in a research the company’s decision to cut the iPad orders to vendors does not reflect the views of the securities firm’s U.S team.
Moreover, Commodities and industrials shares gained as well, where Exxon Mobil Corp, Caterpillar Inc, Chevron Corp and Alcoa jumped 1.66 percent, 1.07 percent, 2.24 Percnet and 0.29 percent respectively.
On the other side, Walgreen Co slipped 6.27 percent, after the largest drugstore chain in the United States said a failure to renew a contract to provide prescriptions for Express Scripts Inc’s customers will slash its 2012 profits, Family Dollar Stores Inc shed 1.20 percent after the company announced big management changes.
The Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, slid from today's opening level of 77.39 to currently trade at 77.76 recording its highest level at 78.24 and its lowest at 77.39.
Gold prices rose to reach $1651.21 per compared to the opening level of $1618.29 an ounce. Oil gained to reach $83.59 after opening at $80.00 per barrel.