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Stock rally returns Tuesday

May 14, 2013 at 4:57 PM   |   Comments

NEW YORK, May 14 (UPI) -- U.S. stock indexes pushed higher Tuesday, putting an extended rally back on track.

The Dow Jones industrial average added 123.57 points, 0.82 percent to reach 15,215.25. The Standard and Poor's 500 index added 16.57 points, 1.01 percent, to hit 1,650.34.

The Nasdaq composite index gained 23.82 points, 0.069 percent, to settle at 3,462.61.

On the New York Stock Exchange, 2,099 stocks advanced and 1,019 declined on a volume of 3.4 billion shares traded.

Twenty-six of 30 Dow components made headway, led by financial firms Bank of America and American Express, up 2.77 percent and 2.46 percent, respectively.

Chevron Corp. climbed 1.75 percent, while Microsoft Corp. rose 1.51 percent.

The 10-year treasury note fell 15/32 to yield 1.976 percent.

The U.S. dollar rose to 102.28 yen from Monday's 101.83 yen. The euro fell to $1.2937 from $1.2975.

In Japan, the Nikkei 225 index dropped 0.16 percent -- 23.79 points -- to 14,6758.42. In Britain, the FTSE 100 index gained 0.82 percent, 54.30 points, to 6,606.86.

Gold was down, dropping $10.50 to $1,423.80 per troy ounce.

West Texas Intermediate crude oil gave up 96 cents to $94.21 per barrel.

On the Chicago Board of Trade, corn for July delivery shed 2 3/4 cents to $6.52 3/4 per bushel. Soybeans for July lost 5 1/4 cents to $14.14. Wheat for July added 1 1/4 cents to $7.11.

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