Equity indexes snap back

S&P 500

The Dow Jones Industrial Average ($DJI) had a gain of 178.01 points, or 1.5%, and closed at 12,036.53 on Monday. The strongest performers in the Dow were Boeing (BA) (+3.04%), Alcoa (AA) (+2.73%), Exxon Mobil (XOM) (+2.46%), and General Electric (GE) (+2.44%). Only three components in the Dow posted a loss. They were Pfizer (PFE) (-1.04), Kraft Foods (KFT) (-0.32%), and JP Morgan Chase (JPM) (-0.24).

The S&P 500 ($SPX) rose 19.18 points, or 1.5%, and closed at 1,298.38. The strongest percentage performers in the index were American Intl. Group (AIG) (+5.95%), CBS Corp. (CBS) (+5.51%), Rowan Cos. (RDC) (+5.49%), Textron Inc. (TXT) (+5.37%), and Tiffany & Co. (TIF) (+5.11%). Sprint Nextel Corp. (S) (-13.66%), American Tower Corp. (AMT) (-7.92%), Qwest Communications Intl. (Q) (-3.46%), and Centurylink Inc. (CTL) (-3.23%) were the biggest losers. Telecoms were in play on news that AT&T (T) had agreed to buy T-Mobil from Deutsche Telekom, making AT&T the largest mobile phone provider if the deal goes through.

The Nasdaq Composite ($COMPX) ended the session higher by 48.42 points, or 1.83%, on Monday and it closed at 2,692.09. The strongest p Wynn Resorts (WYNN) (+4.55%), Paccar Inc. (PCAR) (+4.33%), Autodesk (ADSK) (+3.98%), Vodaphone (VOD) (+3.75%). 8 losers: Sears Holdings Corp. (SHLD) (-2.51%), Ross Stores (ROST) (-1.44%), F5 Networks (FFIV) (-1.36%), Dollar Tree (DLTR) (-0.85%).

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