- Stocks are up because Italy formed a government and relieved a two-month-long overhang of geopolitical uncertainty from the market.
- The housing data also boosted the market with its optimism
- Also lifting markets was Apple Inc (>> Apple Inc.), which jumped 3.5 percent to $431.53
- The S&P 500 is about a point away from 1,597.35, its all-time intraday high, which it hit earlier this month. If the index closes above 1,593.37, that will mark a new all-time closing high.
Categories: Equity Capital Markets