Triple-digit Dow surge ahead of Greek vote

By Hibah Yousuf and Ken Sweet June 21, 2011: 3:20 PM ET

 

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NEW YORK (CNNMoney) -- Stocks were solidly higher Tuesday, with technology shares leading gains, as investors waited for the confidence vote for Greek Prime Minister George Papandreou later tonight.
A smaller-than-expected decline in existing home sales also helped lift markets.
The Dow Jones industrial average (INDU) rose 125 points, or 1%, with more than 28 of the blue-chip index's 30 components trading higher.
Aloca (AA, Fortune 500), Caterpillar (CAT, Fortune 500) and DuPont (DD, Fortune 500) led the gains, with shares up more than 3%. Procter & Gamble (PG, Fortune 500) was the biggest laggard, down 1%.
The S&P 500 (SPX) added 18 points, or 1.4%, and the tech-heavy Nasdaq Composite (COMP) jumped 56 points, or 2%.
Whole Foods Market (WFM) was among the best performer on both the S&P and Nasdaq. The grocer's shares spiked more than 6% one day after its rating and price target were raised by BMO Capital Markets.
Tech stocks also performed well, with AMD (AMD, Fortune 500), Priceline (PCLN), Western Digital (WDC, Fortune 500) and Netflix (NFLX) all up more than 3%. Research in Motion (RIMM) shares, which crumbled more than 20% last week, were up 8% in late-afternoon trading.