–Stocks give back early gains; DJIA adds 112
–Federal Reserve bank president statements renew stimulus hopes
–Fitch downgrades 18 Spanish banks
NEW YORK–Stocks pushed to session highs Tuesday as dovish comments from a Federal Reserve bank president offset mounting worries about Spain’s banking system.
The Dow Jones Industrial Average rose 112 points, or 0.9%, to 12524 in choppy morning trading.
The Standard Poor’s 500-stock index rose 12 points, or 0.9%, to 1320. Energy led among the benchmark’s 10 sectors, while only utility stocks fell into the red.
Boeing Co. (BA) shot up 2.7% to lead among the Dow stocks …
Similar news: