Jones Apparel led gainers in the S&P 500 index with a rise of 9% followed by increases in Yahoo of 7%, in SLM Corp of 6.8%, in CIT Group of 6.7%, in Marathon Oil of 6%, and in Ambac Financial of 5.9%.

South American Markets Indexes

Colombia led gainers in the region with a gain of 2.45% followed by gains in Brazil of 2.15%, in Venezuela of 0.85%, in Argentina of 0.65%, in Chile of 0.52% and in Peru of 0.01%. Mexico added 0.89%.


Asian Markets

In Tokyo Nikkei 225 Index closed higher 282.40 or 2.05% to 14,049.26, in Hong Kong Hang Seng index increased 485.67 or 1.89% closed to 26,241.02. In Australia ASX 200 index higher 114.60 or 2.05% to close 5,700.40. In Malaysia KL Composite index decreased 8.38 or 0.65% closed to 1,271.48.

In South Korea Kospi Index increased 22.80 or 1.25% to close at 1,848.27, in Thailand SET index closed higher 10.70 or 1.29% to 843.15 and Indonesia JSE Index edged increased 0.99 or 0.04% to 2,304.52. Sensex index in India increased 312.81 or 1.81% to 17,600.12.

Commodities, Metals, and Currencies

Crude oil increased $3.77 to close at $116.29 a barrel for a front month contract, natural gas decreased 19 cents to $10.75 per mBtu, and gasoline futures increased 8.70 cents to close at 296.00 cents per gallon.

Gold decreased $14.20 in New York trading to close at $850.90 per ounce, silver closed up $0.26 cents to $16.205 per ounce, and copper for front month delivery increased 12.60 cents to $3.8205 per pound.

Wheat futures increased 19.00 cents in Chicago trading and closed at $8.90 per bushel. Sugar increased 14 cent to $11.49 per pound. Soybean future closed up 33.50 cents to $13.04 a bushel.

Dollar edged higher but traded near record low against euro to $1.5414 and edged higher against yen to 105.35.

Yields on U.S. bonds increased to 3.86% with 10 years of maturities and increased 4.58% with 30-year of maturities.