With a little over half an hour to go to the close of share trading in New York, the Dow was up 0.96% or 142 points at 15,065, while the S&P 500 had risen 0.94% to 1670.7. The NASDAQ 100 performed the best out of the three leading US stock index benchmarks, advancing 1.2% to 3170.
Global stock markets were given a shot in the arm today from news that Chinese exports rose 7.2% year-on-year in August, beating expectations, amidst stable consumer prices.
Worries over Syria appear to have taken a backseat today, but with President Obama due to give a national address late tomorrow and the senate set to vote on a resolution later this week, there is the potential for volatility to flare up again.
Delta Air Lines rose to $21.65, a gain of more than 9%. The carrier is set to become a component of the S&P 500 index after the close of trading tomorrow. It will replace BMC Software, which is being bought by Bain Capital.
Data from the Federal Reserve showed that US consumer credit grew $10.4 billion in July, a slower pace than had been expected, and lower than the downwardly-revised $11.9 billion for June. Revolving credit, which largely covers credit card usage, was weak for the second month in a row, declining $1.8 billion. This would appear to reflect other indicators which have suggested softness in consumer activity recently.