Dow Within 100 of 13,000 as Stocks Barrel Higher

By: Christina Rexrode, Associated Press
By: Christina Rexrode, Associated Press

New York, NY (AP) - Stocks have surged to their highest close of the year.

The Dow Jones industrial average rose 123 points Thursday to 12,904, its third triple-digit gain this year. It's the highest close for the Dow since May 19, 2008, four months before the worst of the financial crisis.

It's quite a turnaround from Wednesday, when the Dow lost 97 points -- its most all year -- and positions the Dow tantalizingly close to 13,000.

Slivers of good news about U.S. jobs and housing outweighed concerns about the Greek debt crisis.

The broader Standard & Poor's 500 index rose 15 points to 1,358, and the Nasdaq composite rose 44 points to 2,960.

Advancing stocks outnumbered declining stocks 3-to-1. Volume was average, a little more than 4 billion shares.


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