U.S. stocks moved higher Monday after Greek lawmakers approved the financial reforms needed to secure its latest bailout package from the IMF and the EU, a development that Wall Street has been anticipating for weeks.
The Dow Jones Industrial Average rose 73 points to close at 12,874.04 while the Nasdaq and S&P 500 added 27.51 and 9.13 points, respectively.
Sixty-three percent of the 352 S&P 500 companies that have reported earnings so far have beat analyst expectations, according to Thomson Reuters. This week, 51 additional companies will report their earnings.
Meanwhile President Obama outlined his $3.8 trillion 2013 fiscal budget that looks to achieve $4 trillion in deficit reduction over the next decade.
Here are some more details from Monday’s trading session:
- Dow Jones Industrial Average: Up four of the past five trading days.
- Largest one-day points & percentage gain since February 03, 2012.
- An intraday high of 12887.93 occurred at 14:40:23 today, representing an increase of 86.70, or 0.68%.
- An intraday low of 12799.11 occurred at 09:30:00 today, representing a decrease of down 2.12, or 0.02%.
- Twenty-five of the 30 component stocks rose, five fell.
- Today's top five contributors to The Dow's movement and their point contribution: CAT (14.76), UTX (10.44), CVX (8.33), MMM (6.74), JPM (5.22).
- Today's bottom five laggards: TRV (-2.80), KFT (-1.36), DD (-1.06), WMT (-0.83), BA (-0.76).
- Traded in positive territory for more than 99 percent of the day.
- Down 9.11% from its record close of 14164.53 October 09, 2007.
- Up 4.94% from 52 weeks ago.
- Up 4.16% from its 2012 closing low of 12359.92 on January 06, 2012.
- Down 0.13% from its 52-week high of 12890.46 on February 09, 2012.
- Up 20.82% from its 52-week low of 10655.30 on October 03, 2011.
- Month-to-date: up 1.91%.
- Year-to-date: up 5.37%.
Dow Jones U.S. Total Stock Market Index:
- Dow Jones U.S. Total Stock Market, 14106.44 (prelim)*, up 105.93 points, or 0.76%, or approximately $121 billion in market capitalization.
- Up four of the past five trading days.
- Largest one-day points & percentage gain since February 03, 2012.
- Down 1638.95 points, or 10.41% (approximately $2.7 trillion in market cap), from its record close of 15745.39 on October 09, 2007.
- Up 107.45% (approximately $8.4 trillion in market cap), from the 12-½ year closing low of 6800.08 on March 9, 2009.
- Up 1.24% from 52 weeks ago.
- Down 0.02% from its 2012 closing high of 14109.41 on February 09, 2012.
- Up 6.81% from its 2012 closing low of 13206.64 on January 04, 2012.
- Down 1.41% from its 52-week high of 14308.37 on April 29, 2011.
- Up 24.85% from its 52-week low of 11299.07 on October 03, 2011.
- Month-to-date: up 3.24%, or approximately $525 billion in market cap.
- Year-to-date: up 8.35%, or approximately $1.3 trillion in market cap.
Data courtesy of Dow Jones Indexes.
