Stocks cracked a losing streak by surging higher today. A surprising spike in home sales combined with optimism of continued low interest rates fuelled the advance. The DJIA hit an intraday 13-month high while the U.S. dollar sank. The DJIA closed up +132.79 to 10450.95, the tech heavy Nasdaq soared +29.97 to 2176.01 and the broad based S&P 500 added +14.86 to 1106.24.
United Parcel Service ( UPS | Quote | Chart | News | PowerRating): Announced it would increase rates in 2010 sending shares higher by 1.13% or 65 cents to $58.16.
Cigna ( CI | Quote | Chart | News | PowerRating): Obtained a JP Morgan upgrade triggering shares to climb by 7.56% or $2.27 to $32.30.
AT&T ( T | Quote | Chart | News | PowerRating): Climbed 2.92% or 76 cents to $26.78/share after a Gabelli analyst said it may be undervalued.
Diedrich Coffee ( DDRX | Quote | Chart | News | PowerRating): Soared 29.47% or $7.66 to $33.65/share on news that a rival upped its offer for a buy out.
Gold surged $18.00 to $1165.10, oil moved higher by 9 cents to $77.68 and the VIX fear index fell by 4.64% to 21.16.
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