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pablo
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 U.S. Stocks Rise as Confidence Boosts Banks - 2009/05/27 04:41 Hi guys, a quick post with the performance of markets during today, as they fell yesterday due to the announcement of the North Korea nuclear test...

U.S. stocks jumped, sending benchmark indexes higher for the first time in five sessions, as the biggest gain in consumer confidence since 2003 spurred optimism the worst of the recession is over. Two-year Treasury notes were little changed after a record-tying $40 billion auction.

JPMorgan Chase & Co., Home Depot Inc. and American Express Co. climbed at least 4 percent after the Conference Board’s index of sentiment surged to the highest since September. Apple Inc. gained 6.8 percent after being upgraded to “overweight” at Morgan Stanley, which said analysts are underestimating demand for iPhones. Exxon Mobil Corp. led an advance in energy shares as crude oil climbed to a six-month high.

The S&P 500 added 2.6 percent to 910.33 at 4:11 p.m. in New York as all 10 industry groups advanced. The Dow Jones Industrial Average increased 196.17 points, or 2.4 percent, to 8,473.49. Eleven stocks gained for each that fell on the New York Stock Exchange, the broadest rally since May 18. The Russell 2000 Index of small companies rose 4.8 percent for the steepest advance since April 9.
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