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U.S. stocks advanced, sending the Standard & Poor’s 500 Index to the highest level in almost a month, as the European Union released a roadmap of its plans to recapitalize banks and halt the debt crisis.
Dow 11,543.22 +126.92 +1.11%, Nasdaq 2,617.24 +34.21 +1.32%, S&P 500 1,212.69 +17.15 +1.43%
All sectors of S&P 500 traded at a promotion. The maximum growth is in the financial sector and the sector of basic materials - by 2.4% and 2.1% respectively. The minimum increase is in utilities sector (+0.3%).
Bank of America Corp. and Morgan Stanley added at least 1.5 percent, following a rally in European lenders. Freeport-McMoRan Copper & Gold Inc. and Apple Inc climbed more than 1.5 percent to pace gains among companies most-reliant on economic growth. PepsiCo Inc., the world’s largest snack-food maker, increased 2.9 percent as profit beat analysts’ estimates. Alcoa Inc. slumped 3.1 percent as earnings trailed projections.
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