Stocks rallied yesterday, with the Dow closing 304.06 points (1.85%) higher at 16,776.43. The NASDAQ increased 73.49 points (1.56%) to 4,781.26, and the S&P 500 was up 35.64 points (1.83%) at 1,987.00. The Russell 2000 climbed 27.50 points (2.47%) to 1,141.62, and the Wilshire 5000 gained 393.36 points (1.92%) to finish at 20,847.21.

On the NYSE, 3.2 billion shares traded, with advancing issues outnumbering declining issues more than 7 to 1. On the NASDAQ, 2.7 billion shares changed hands, with a more than 3 to 1 lead for advancers.

The price of the 10-year Treasury note decreased 18/32, bringing its yield up to 2.056%. The price of the 30-year Treasury bond fell 1 14/32, increasing its yield to 2.898%.

ON THIS DATE: In 1683, the first Mennonites arrived in America aboard the Concord. The German and Dutch families settled in an area that is now a neighborhood in Philadelphia, Pennsylvania. In 1889, the Kinescope was exhibited by Thomas Edison. He had patented the moving picture machine in 1887. In 1961, U.S. president John F. Kennedy advised American families to build or buy bomb shelters to protect themselves in the event of a nuclear exchange with the Soviet Union. In 1979, Pope John Paul II became the first pontiff to visit the White House. In 1992, Ross Perot appeared in his first paid broadcast on CBS-TV after entering the U.S. presidential race.

TUESDAY TRIVIA: When stating the time, a.m. stands for “ante meridiem,” which is Latin for “before midday;” p.m. stands for “post meridiem,” which is Latin for “after midday.”