By 11:47 am, the Dow Jones Industrial Average was up 140.88 points, or 1.15%, to 12,402.30, while the broader Standard & Poor's 500 index had surged 12.56 points, or 0.96%. The NASDAQ composite index rose 32.54 points, or 1.19%.
Some of the narrow based indexes that are driving the markets are Rare Earth Stocks, which have gained 4.3%, Chinese Solar Stocks, up 3.2%, and Social Networking Stocks, moving 3.2% higher as a group.
In Tickerspy's Rare Earth complex, Molycorp Inc MCP had surged 6.6%. MCP's PEG ratio is 0.70.
The best performing Tickerspy Chinese Solar stock has been Yingli Green Energy Holding Co Ltd YGE, which was up 7.8%. YGE entered into supply agreements with Huanghe Hydropower Development Co Ltd to supply a total of 110 MW PV modules.
Quepasa Corporation QPSA is today's leading Tickerspy's Social Networking stock, gaining 6.5%. QPSA announced preliminary results from launch its first proprietary social gaming title, Cidade Maravilhosa - Rio, on Facebook.
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Posted In: NewsIntraday UpdateMarketsMoversElectrical Components & EquipmentIndustrialsInformation TechnologyInternet Software & Servicestop Narrow Based Indexes
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