17.08.2012 - S&P 500 climbs to four-month high while commodities, Euro rally
Stocks jumped, sending the Standard & Poorís 500 Index to the highest level in four months, as Cisco Systems Inc.ís sales topped estimates, U.S. building permits surged and speculation grew that Spain will get a bailout. Commodities rallied and the euro strengthened. The S&P 500 rose 0.7 percent to 1,415.51 at 4 p.m. in New York, its highest closing level since April 2. Wheat jumped 1.8 percent and oil topped $95 a barrel for the first time in three months to lead the S&P GSCI Index of commodities to the highest level since May...............................................Full Article: Source
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