Positive Signs for Global Economy Led U.S. Stocks Higher

As of February 8, U.S. stock markets rose because of better-than-estimated earnings reports, budget agreement in Europe and also that stronger international trade in China and Germany and narrowing U.S. trade deficit indicated an improving global economy. S&P 500 and Dow Jones Industrial Average rose by just 0.57% and 0.35%, respectively. S&P 500 saw the highest closing level of 1,518 since November 2007.