US Stocks rose 2.1% to close at 9,069.29 today as bright reports on home sales and corporate earnings bolster beliefs that the recession is lifting.
The Dow Jones industrial average jumped above 9,000 today for the first time since early January as favorable home sales data combined with another round of encouraging earnings reports to boost optimism about the economy.
Investors were buoyed by news that sales of previously owned homes rose 3.6% in June — more than expected. (Read more in LA Times)