S&P 500811.0813.21 1.66%
Russell 2000429.166.41 1.52%
NASDAQ 1001252.5115.5 1.25%
NASDAQ 100 PMI1220.83-16.18 1.31%
NASDAQ 100 AHI1253.130.62 0.05%
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NEW YORK – Wall Street opened the second quarter with solid gains, extending a four-week rally that brought the market off its lowest levels in 12 years.
After falling in the early going Wednesday on disappointing jobs data, the Dow Jones industrials closed up 153 points on economic data that showed a rebound in pending home sales and improving manufacturing activity. Major indexes all rose at least 1.5 percent.
The reports continued a run of positive economic news in recent weeks that has led many investors to wager that the recession is beginning to ease. Further signs of improvement in housing were especially positive for banks struggling with bad mortgage debt.
Technology and energy shares also carved out advances. As sentiment about the economy improves, investors have been buying up industries they believe are likely to lead the country out of recession.
Market Summary
Symbol=======Last============Change
Dow====== 7,761.60 +152.68 +2.01%
Nasdaq==== 1,551.60 +23.01 +1.51%
S&P 500==== 811.08 +13.21 +1.66%
10 Yr Bond(%) 2.6580% -0.0270
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