LATE RALLY: A late afternoon rally pushed stocks higher for only the second day this month. Traders said a combination of technical factors and reports that China was buying Italian government bonds triggered the late jump.
NEW LOWS: Fears over Europe sent the 10-year Treasury yield to 1.87 percent, the lowest on records dating back to 1962. During the financial crisis in late 2008, the 10-year yield hit a low of 2.05 percent.
BREAKUP: McGraw-Hill Cos. rose 4 percent to $40. The company will split into two public companies, with one unit focused on education and the other on markets.