The markets continued to rise during the midday over reports that private equity firms may invest $5 billion in Washington Mutual. The Dow leaped 111 points to 12,720 while Nasdaq climbed 19 points to 2390.
On the upside
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 718.