Surging financial stocks spurred a broader rally today, the Wall Street Journal reports. A New York Times report that all 19 banks facing Treasury “stress tests” will pass boosted shares in a sector already buoyed by a strong Wells Fargo earnings forecast. The Dow rose 246.27 to close at a two-month high of 8,083.38. The Nasdaq gained 61.88, closing at 1,652.54, and the S&P 500 added 31.40 to settle at 856.56.
The trading week ends today because of Good Friday. For the week, the Dow rose 0.8%, the Nasdaq gained 1.9%, and the S&P 500 rose 1.7%.