Summary Box: Stocks post first gains for June

AP News
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Posted: Jun 09, 2011 4:59 PM
Summary Box: Stocks post first gains for June

TRADE BOOST: A report that U.S. exports hit a record in April sent stocks sharply higher Thursday as investors hoped the economic recovery may not be as sluggish as the last week of grim economic reports have suggested.

FIRST DAY HIGHER: Thursday's gains broke a six-day losing streak and marked the first time stocks rose in June. Stocks had dropped following poor reports on manufacturing, home sales, hiring and consumer confidence.

THE INDEXES: The Dow Jones industrial average rose 75.42 points to close at 12,124.36. The S&P 500 index rose 9.44 to 1,289.00. The Nasdaq composite rose 9.49 to 2,684.87.