By: JeeYeon Park CNBC.com Writer
Stocks finished modestly higher across the board
Tuesday, with the Dow and S&P 500 closing at their best levels
since October 2007, lifted by optimism for more M&A deals and after
positive economic data from Europe.
U.S. markets were closed on Monday for Presidents Day.
The Dow Jones Industrial Average gained 53.91 points, or 0.39 percent, to end at 14,035.67, led by Cisco and General Electric. The Dow is within 1 percent of its all-time closing high of 14,164.53 hit on October 9, 2007.
The S&P 500 climbed 11.15 points, or 0.73 percent, to finish at 1,530.94. The Nasdaq rose 21.56 points, or 0.68 percent, to close at 3,213.59, finishing at its best level since November 2000.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slid near 12.
U.S. markets were closed on Monday for Presidents Day.
The Dow Jones Industrial Average gained 53.91 points, or 0.39 percent, to end at 14,035.67, led by Cisco and General Electric. The Dow is within 1 percent of its all-time closing high of 14,164.53 hit on October 9, 2007.
The S&P 500 climbed 11.15 points, or 0.73 percent, to finish at 1,530.94. The Nasdaq rose 21.56 points, or 0.68 percent, to close at 3,213.59, finishing at its best level since November 2000.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slid near 12.
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