The Dow Jones Industrial Average soared 111.42 points, to close at 15,680.35, led by IBM and AT&T. The blue-chip index is within 50 points of hitting its record set in September.
The S&P 500 rallied 9.84 points, to end at 1,771.95. And the Nasdaq gained 12.21 points, to finish at 3,952.34.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed above 13.
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I think there is a really interesting divergence going on. You can do a pairs trade by longing the STI and shorting the Dow.
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Pok Chow