The Dow Jones Industrial Average gained 136 points, or 1.1%, to 12,287. Bank of America ( BAC), JPMorgan ( JPM), Hewlett-Packard ( HPQ) and Caterpillar ( CAT) leading the blue-chip index higher, and breadth was overwhelmingly positive with all 30 components on the rise. The S&P 500 rose 13 points, or 1.1%, to 1,263, with financial and industrial shares showing strength, while the Nasdaq Composite climbed 24 points, or 0.9%, at 2,614.
NEW YORK (TheStreet) -- Mediocre U.S. economic data and declines in Italian bond interest rates were enough to get investors back into the holiday spirit and resume last week's Santa Claus rally Thursday.
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-- Written by Kaitlyn Kiernan in New York. >To contact the writer of this article, click here: Kaitlyn Kiernan To follow the writer on Twitter, go to @Kaitlyn_Kiernan.