CLOSING BELL

Dow 11167.32  +122.05, Nasdaq 2511.92  +40.19, S&P 1206.78  +15.42 

The market saw its biggest percentage gain today in more than a month on high volume.  The gains were broad based and steady all day.

The gains today were helped by thoughts that Greece’s bailout package will be announced over the weekend.  This caused yields on Greek, Spanish and Portugal debt to fall.  Additionally, the dollar lost ground falling -0.4%.

BP PLC (BP) 52.56 -4.78, -8.34% shares are got hit today after news that the oil leak in the gulf is worse than first estimated and could hit the coast over the weekend.  Additionally, the government said that they would go after the company for cleanup coast.

Advancing Sectors: Financials +2.5%, Industrials +2.1%, Consumer Discretionary +2.1%, Health Care +1.3%, Tech +1.0%, Telecom +0.8%, Materials +0.8%, Consumer Staples +0.4%, Energy +0.1%

Declining Sectors: None
Unchanged: Utilities