NEW YORK – Stocks surged for a second day, putting the Dow on track for its highest close of the year. The market rose on more evidence that the U.S. housing market is recovering and signs that shoppers are still spending, at least at discount retailers such as Dollar Tree, which reported a jump in quarterly earnings Wednesday.
The gains were broad: Twenty-nine of 30 stocks in the Dow Jones industrial average advanced. All 10 industries in the Standard and Poor’s 500 index rose, led by industrial companies.
The Dow Jones industrial average rose 189 points, or 1.4 percent, to 14,088 as of 3:46 p.m.![]()
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