NEW YORK ( TheStreet) -- The major stock market averages all rallied at least 2% Thursday, led by surging industrial shares after a handful of Dow Jones Industrial Average components reported better-than-expected results and year-end guidance.The Dow added 202 points, or 2%, to 10,322. The S&P 500 gained 24 points, or 2.3%, to 1094 and the Nasdaq finished ahead by 59 points, or 2.7%, at 2246. Another pair of Dow components headlined further earnings releases coming in after the closing bell.
The EconomyThe Labor Department said
Company NewsBoeing ( BA), American Express ( AXP) and United Tech ( UTX) topped the Dow on a day when several components released better-than-expected earnings reports.
Commodities and the DollarFollowing the EIA storage report, natural gas for August delivery added 13 cents to settle at $4.64 per million British thermal units. Meanwhile, crude oil for September delivery gained $2.74 to settle at $79.30 a barrel. Elsewhere in commodity markets, the August gold contract settled $3.80 higher at $1,195.60 an ounce. The dollar was trading lower against a basket of currencies, with the dollar index down by 0.9%.