Stocks surged after European Union leaders agreed to expand Europe's bailout fund and take major losses on Greek bonds. Banks were leading the way in U.S. trading. Also, third-quarter GDP increased at an annual rate of 2.5%, in line with expectations. Jobless claims eased by 2,000 to 402,000 last week, also in line with expectations. Tech sector joined in a broad rally sparked by news of a European deal. Akamai Technologies soared more than 15% after the co.’s better-than-expected results. Citrix also jumped more than 17% after higher profit and an outlook that beat expectations. Symantec slumped more than 4% after inline-results and JMP Securities comment. After the close AMD popped 4.9% higher, following stronger-than-expected earnings report. Implied volatility inched lower on moderate trading volumes.NEAREST RESISTANCE LEVELS:
NEAREST SUPPORT LEVELS: 58.65, 57.1, 56.6, 55.8, 53.0, 50.0
