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Stocks End Higher, S&P Closes Above 1350
13 Feb 2012 EST - CNBC.com
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Stocks kicked off the week on a high note Monday, after Greece's parliament finally gave the green light over the weekend to austerity measures aimed at securing an international bailout package.

Apple hit a major milestone, closing above $500 a share for the first time, amid speculation about the iPad 3 and the possibility that the firm may declare a dividend , or even split its shares.

The Dow Jones Industrial Average climbed 72.81 points, or 0.57 percent, to end at 12,874.04, led by BofA and JPMorgan .

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  • The S&P 500 added 9.13 points, or 0.68 percent, to close at 1,351.77. The Nasdaq rallied 27.51 points, or 0.95 percent, to finish at 2,931.39, ending near a 11-year high.

    The CBOE Volatility Index, widely considered the best gauge of fear in the market, fell to end near 19.

    Most S&P sectors ended in positive territory, led by industrials and banks. Utilities dipped slightly.

    “Overall, the market wants to digest good news,” said Mark Martiak, vice president of Premier Financial Advisors. “But this week is critical as to whether the rally can sustain itself. We’re going to have continued choppiness as we don’t know what to expect.”

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