Stocks End Up 1%, Back in the Black for Week: Dow Within 100 Points of All-Time High
y: JeeYeon Park CNBC.com Writer
Stocks soared for a second day to finish near
session highs Wednesday, with the Dow within less than 100 points of an
all-time closing high, boosted by upbeat earnings and economic reports
and as Fed Chairman Ben Bernanke reaffirmed his support of the central
bank's stimulus policy.
The Dow Jones Industrial Average soared 175.24 points, or 1.26 percent, to close at 14,075.37, propelled by JPMorgan and Caterpillar. The Dow is now less than 100 points from hitting its all-time closing high of 14,164.53.
The S&P 500 jumped 19.05 points, or 1.27 percent, to finish at 1,515.99. And the Nasdaq advanced 32.61 points, or 1.04 percent, to end at 3,162.26.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, tumbled below 15.
The Dow Jones Industrial Average soared 175.24 points, or 1.26 percent, to close at 14,075.37, propelled by JPMorgan and Caterpillar. The Dow is now less than 100 points from hitting its all-time closing high of 14,164.53.
The S&P 500 jumped 19.05 points, or 1.27 percent, to finish at 1,515.99. And the Nasdaq advanced 32.61 points, or 1.04 percent, to end at 3,162.26.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, tumbled below 15.
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