Dow Jones: 6473.64 (+126.87)
WALL Street stocks shot higher yesterday as the Dow Jones industrial average enjoyed its second-biggest point gain ever, a jump of 2 per cent, the best one-day gain since October 21st, 1987.
The market was led by consumer and financial issues, as bond prices were driven sharply higher on weak US economic data and strong demand for a Treasury auction of five-year notes.
Advances outnumbered declines by 7 to 3 on the New York Stock Exchange, with 1,836 up, 777 down and 737 unchanged.
NYSE volume totalled 522.32 million shares, against 519.84 million in the previous session.
The Standard and Poor's 500-stock index rose 14.23 to 745.77, and the NYSE's composite index rose 6.99 to 392.16.
The Nasdaq composite index rose 10.49 to 1,295.87, and the American Stock Exchange's market added 3.57 to 578.53.