U.S. stocks, Apple jump as global woes ebb IPhon

U.S. stocks, Apple jump as global woes ebb
IPhone maker recoups prior day’s losses and more
NEW YORK (MarketWatch) — U.S. stocks leapt Tuesday, pushing the Dow average to its first finish above 13,000 in more than a week, as increased appetite for Spanish debt calmed global concerns and tech stocks rebounded.
Spain sold more debt than it anticipated Tuesday, with yields on 10-year Spanish government notes declining below 6% after the auction.

“If there is demand, then investors can exhale for a little while,” Paul Nolte, managing director at Dearborn Partners in Chicago, said of the debt sale. Read more about European markets.

The Dow Jones Industrial Average DJIA +1.50% closed up 194.13 points, or 1.5%, to 13,115.54, its biggest point gain in a month, after rallying as much as 209 points.

All 30 components ended higher, with International Business Machines Corp. IBM +2.33% contributing the most to the Dow’s point gains. It rose $4.73, or 2.3%, ahead of results after the close. Read more on IBM.

The S&P 500 SPX +1.55% climbed 21.21 points, or 1.6%, to 1,390.78. Technology stocks rose 2.3%, the best performers among 10 industry sectors, all of which gained. Tech had been the worst performer Monday, losing more than 1%.

After the close of trading Tuesday, IBM Corp. IBM +2.33% , Intel Corp. INTC +0.23% , and Yahoo YHOO +1.52% reported earnings.

The Nasdaq Composite COMP +1.82% gained 54.42 points, or 1.8%, to 3,042.82, rebounding after two sessions of losses.
http://www.marketwatch.com/story/us-stocks-st...2012-04-17