General Motors led gainers in the Dow Jones index with a rise of 9.4% followed by gains in Merck of 2.4%, in Procter & Gamble of 1.75% and Chevron and Exxon of 1.4%.

Of the stocks in S&P 500 index, 165 stocks increased, 327 declined, and 8 were unchanged. Of the stocks in the index, 50 stocks fell more than 3% and 13 gained more than 3%.

Unisys led decliners in the S&P 500 index with a loss of 12.4% followed by losses in OfficeMax of 9.6%, in MEMC Electrical of 9.2%, in Lennar Corp of 9% and in Sealed Air of 8%. General Motors led gainers in the S&P 500 index with a rise of 9.4% followed by gains in Cummins of 9%, in Interpublic group of 5.8%, in Ambac Financial of 5.7% and in Jones Apparel of 5.5%.

South American Markets Indexes

Brazil closed at a record high and led gainers in the South American trading with a rise of 6.34% followed by increases in Colombia of 1.61%, in Argentina of 1.2%, and in Chile of 0.98%. Mexico added 0.04% and Venezuela rose 0.9%.
Peru, the only decliner fell 0.1%.

Bovespa surged 4,042.70 or 6.4% after S&P increased Brazil rating to investment grade. Of the 63 member stocks in the Bovespa index, 62 gained and 1 fell. CCR led the gainers in the index with a surge of 4.4% followed by a rise of more than 13% in Lojas Renner, Cyrela, and Gafisa. Nine stocks in the index gained more than 10%.

Banks surged ahead on the expectations of steady rise in consumer spending. Unibanco rose 12%, Banco Itau added 9.3% and in Bradesco jumped 8.3%.

Vale, the largest iron ore mining company surged 5% to 65.53 real and Vivo, the largest mobile telecom operator added 6.3% to 11.80 real.

Asian Markets

In Tokyo Nikkei 225 Index closed lower 44.38 or 0.32% to 13,849.99, in Hong Kong Hang Seng index decreased 158.80 or 0.61% closed to 25,755.35. In Australia ASX 200 index lower 11.50 or 0.21% to close 5,595.40. In Malaysia KL Composite index decreased 3.79 or 0.30% closed to 1,279.86.

In South Korea Kospi Index increased 13.96 or 0.77% to close at 1,825.47, in Thailand SET index closed lower 1.18 or 0.14% to 832.45 and Indonesia JSE Index edged increased 0.99 or 0.04% to 2,304.52. Sensex index in India decreased 91.15 or 0.52% to 17,287.31.

Commodities, Metals, and Currencies

Crude oil decreased $1.08 to close at $114.55 a barrel for a front month contract, natural gas increased 5 cents to $10.89 per mBtu, and gasoline futures decreased 0.80 cents to close at 293.12 cents per gallon.

Gold decreased $11.70 in New York trading to close at $865.10 per ounce, silver closed down $0.048 cents to $16.59 per ounce, and copper for front month delivery increased 2.35 cents to $3.90 per pound.

Wheat futures decreased 7.50 cents in Chicago trading and closed at $8.01 per bushel. Sugar decreased 6 cent to $11.81 per pound. Soybean future closed up 20.50 cents to $13.14 a bushel.

Dollar edged lower and traded near record low against euro to $1.5613 and edged higher against yen to 104.023.

Yields on U.S. bonds decreased to 3.74% with 10 years of maturities and decreased 4.48% with 30-year of maturities.