GREEK RELIEF: A panel ruled that Greece's plan to restructure its debt should not trigger any bond-insurance payments, at least not yet. Bank stocks pushed higher as a result. Goldman Sachs rose 5.2 percent and Morgan Stanley 3.5 percent.
GAP SPRINGS: Gap soared 7.2 percent, the most in the S&P 500 index. The clothing retailer said a key sales figure rose 4 percent in February, helped by strong demand for spring clothing at its Banana Republic chain. Analysts had expected sales to drop.
JOBS: The number of people seeking unemployment benefits fell last week to the lowest level since March 2008.