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Dow Leaps, Is On Track For A Second Day Of Gains

A 200-point charge turned the Dow Jones industrial average positive for the year following a dismal stretch
in May.

Wall Street
John Moore, Getty Images

The Dow is up 208 points at 12,337 shortly before noon.

All 30 Dow stocks were higher, led by Bank of America, up 7 percent. The last time the Dow closed up more than 200 points was March 13.

The big jump follows weeks of losses, including a 275-point plunge last Friday caused by a surprisingly weak report on the U.S. job market

 

The Standard & Poor’s 500 rose 22 points to 1,308. The Nasdaq composite rose 56 points to 2,834.

The gains were broad. Just 14 of the S&P 500 companies were lower, and more than eight stocks rose for every one that fell on the New York Stock Exchange.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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