New York, NY (AP) - Stocks are finishing strongly following better
than expected earnings from industrial bellwethers like JPMorgan
Chase and Intel.
That, along with surging prices for metals, oil and other
commodities, is convincing traders that the economy is improving.
Gold touched another record and oil went up more than 2 percent.
Apple closed above $300 a share for the first time Wednesday.
According to preliminary calculations, the Dow Jones industrial
average rose 76, or 0.7 percent, to close at 11,096.
The S&P 500 is up 8, or 0.7 percent, at 1,178, while the Nasdaq
composite rose 23, or 1 percent, at 2,441.
Gaining shares outpaced declining ones three to one on the New
York Stock Exchange, and volume came to 1.1 billion shares.
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