Economy
CLOSING BELL: June 14: DOW: 12,651.91 | UP 155.53 | +1.24%
OIL: $83.91, UP 1.29, +.1.56%
GOLD: $1,619.60, UP .2, +.01%
GASOLINE (US Avg): $3.532, -.007
Stocks rally on hopes for central bank boost
Hibah Yousuf, CNN Money– U.S. stocks closed sharply higher Thursday as panicky investors reacted to reports that central banks are ready to provide liquidity to financial markets following Greece’s crucial election on Sunday in case it becomes necessary.
The Dow Jones industrial average jumped 155 points, or 1.2%, the S&P 500 gained 14 points, or 1.1%, and the Nasdaq added 18 points, or 0.6%.
“The market is jittery leading up the the Greek election, and a rumor like that will definitely spark a move higher,” said Joe Saluzzi, co-head of equity trading at Themis Trading.
