US stocks rose yesterday as miners and energy companies advanced on dollar weakness as the quarter’s end approached.
Exxon Mobil Corp was up 1.1 per cent to $67.30 and the S&P energy index rose 1.8 per cent.
Boeing, up 2.1 per cent and Caterpillar up 1.7 per cent. They were both the Dow’s top boosts. The S&P industrials index has risen 13 per cent so far. The Dow Jones industrial average rose 45.50 points, or 0.42 per cent, to 10,895.86. The S&P’s 500 Index climbed 6.63 points, or 0.57 per cent, to 1,173.22. The Nasdaq Composite Index jumped 9.23 points, or 0.39 per cent, to 2,404.36.
The benchmark S&P 500 as a whole is up 5.2 per cent. The S&P 500 is up 73.4 per cent since bottoming in March 2009.
The Dow is up 4.5 per cent for the quarter so far, while the Nasdaq is on track for a six per cent gain.
About 7.49bn shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq.