NEW YORK, Feb. 26 (UPI) -- IBM's announced $15 billion stock buy back plan Tuesday helped boost investor confidence and push U.S. stock indexes to strong gains.
The Dow Jones industrial average rose 114.70 points Tuesday, and closed at 12,684.92 points, a gain of 0.9 percent.
The Standard & Poor's 500 index gained 0.69 percent on the day, up 9.49 points to 1,381.29 points.
The tech-dominated Nasdaq composite index gained 17.51 points Tuesday and closed 0.75 percent higher at 2,344.99 points.
On the New York Stock Exchange, 2,212 stocks advanced Tuesday, while 869 declined on a volume of 4.015 billion shares traded
The 10-year treasury note rose 7/32, yielding 3.885 percent.
The dollar sank against the euro and yen. The euro traded at $1.4933 from $1.4825 Monday, while the dollar traded at 107.32 yen from 108.08 yen Monday.
In Tokyo, the Nikkei average lost 89.85 points Tuesday, closing at 13,824.72 points, down 0.6 percent.
In London, the FTSE 100 index gained 97.90 points Tuesday and closed at 6,097.97, up 1.47 percent.
