Market recap: Optimism over progress toward a plan that would cut deficits in addition to...

|By:, SA News Editor
Market recap: Optimism over progress toward a plan that would cut deficits in addition to raising the debt ceiling sent an already rising stock market soaring into the close. IBM's strong quarter also pushed techs higher and helped the Dow to its best day of 2011. Treasurys and oil rallied, while gold's 10-session winning streak ended. NYSE advancers led decliners four to one.