Summary Box: Nike leads stocks sharply higher

AP News
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Posted: Jun 28, 2011 5:08 PM
Summary Box: Nike leads stocks sharply higher

NIKE: Nike Inc. jumped 10 percent after beating analyst's expectations for its most recent quarter. The results helped push up the stocks of other consumer discretionary companies, which gained 1.9 percent.

HOUSING MARKET: A report showed that the housing market improved slightly last month, albeit from a low level. The news helped boost the shares of Home Depot Inc., which gained 2.4 percent.

THE INDEXES: The Dow rose 145.13 points, or 1.2 percent, to close at 12,188.69. The S&P 500 index rose 1.3 percent, to 1,296.63. The Nasdaq rose 1.5 percent, to 2,729.31.