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U.S. stocks rose
Dow 12,166 +167.94 +1.40%
Nasdaq 2,637 +41.01 +1.58%
S&P 1,253 +19.00 +1.54%
Financial companies had the biggest advance out of 10 sectors in the S&P 500, rising 2.4 percent as a group. Morgan Stanley (MS) increased 4.4 percent to $16.58. JPMorgan Chase climbed 2.6 percent to $33.04. Bank of America added 3.8 percent, the biggest gain in the Dow, to $5.80.JPMorgan Chase (JPM) & Co. and Bank of America Corp. (BAC) climbed more than 2.6 percent as banks rallied amid optimism on Europe. General Electric Co. (GE) jumped 3.7 percent after boosting its dividend for the fourth time since July 2010. Caterpillar Inc. (CAT), the world’s largest construction and mining-equipment maker, and Halliburton Co. (HAL) gained at least 1.5 percent as investors bought shares of companies most tied to economic growth.
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