Market recap: Stocks rallied sharply into the close on optimism that Europe is moving in the...

|By:, SA News Editor
Market recap: Stocks rallied sharply into the close on optimism that Europe is moving in the right direction, a positive ADP jobs report, and some intriguing tech takeover talk (I, II, III). Materials and energy stocks led gainers, as the price of crude jumped 5.3% and other commodities surged. Financials were a drag, weighed by real estate companies. NYSE advancers led decliners two to one.