Wall Street rocketed higher in the final trading session of what has been a tumultuous month as traders cheered a coordinated action by central banks to buttress money markets and a bounty of bullish economic data, pushing the Dow and S&P 500 above psychologically-important levels. In other words the Dow closed up today 489 points today.
@WiLMajor

Today’s Markets
The Dow Jones Industrial Average soared 490 points, or 4.2%, to 12,046, the S&P 500 jumped 51.8 points, or 4.3%, to 1,247 and the Nasdaq Composite leaped 105 points, or 4.2%, to 2,620.
Stocks have made an abrupt shift into rally mode this week, following a steep multi-week selloff. Indeed, the Dow is now above the 12,000 mark, while the S&P 500 surpassed the 1,200 level.
The Dow’s performance on Wednesday was the seventh best since the blue-chip index was created in 1896 on a point basis. The rest of the month was choppy as well, but this week’s rally helped offset many of the earlier losses. For the month, the Dow rose 0.7%, the S&P 500 slipped 0.5% and the Nasdaq stumbled 2.4%.
On the day, every major sector was in the green, but energy, basic materials and financial firms saw the most buying. Additionally, roughly 98 of every 100 stocks on the broad S&P 500 ended the in the green along with every blue chip. More than 97% of volume on the New York Stock Exchange was in advancing shares, and volatility plunged 9.3%.
Out of the blue chips, Caterpillar (CAT: 97.88, +7.34, +8.11%), the world’s biggest heavy equipment maker, and JPMorgan Chase (JPM: 30.97, +2.41, +8.44%) were the top performers, closely followed by Alcoa (AA: 10.02, +0.71, +7.63%) and Bank of America (BAC: 5.44, +0.37, +7.30%). Wal-Mart (WMT: 58.90, +0.73, +1.25%) and Home Depot (HD: 39.22, +0.26, +0.67%) lagged behind with the shallowest gains.
U.S. Treasury yields pointed higher as traders rushed out of the safe haven and into equity markets. The benchmark 10-year note yields 2.08% from 1.984%.

FX