Stocks Soar: Dow Hits 15000, S&P 500 Above 1600

The Dow Jones Industrial Average shot up more than 150 points to trade above 15,000 for the first time, led by Caterpillar and American Express, extending its gains from the previous session.

The S&P 500 surpassed 1,600 and the Nasdaq also rallied. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slumped below 13.

All key S&P sectors were in positive territory, led by materials and industrials.

Source: CNBC

Read more