The Dow Jones Industrial Average closed up 160.9 points, or 1.2%, at 13,242. All companies on the index rose except Verizon Communications ( VZ), whose shares fell after Citigroup lowered its earnings estimates on the company. Dow leaders included Pfizer ( PFE), American Express ( AXP) and Merck ( MRK). The S&P 500 gained 19.4 points, or 1.4%, at 1417, on Monday hitting its highest level since 2008. The Nasdaq added 54.7 points, or 1.8%, at 3123, settling above 3100 for the first time since November 2000.
NEW YORK (TheStreet) -- The U.S. benchmark indices settled sharply higher Monday as investors clung to the hope of further economic stimulus following Federal Reserve chairman Ben Bernanke's warning about long-term unemployment.
2012 Stock Predictions and Outlook
|Your one-stop shop for 2012 stock recommendations and market predictions. |