-NYSE up 115.75 (+1.4%) to 8,132.77
-DJIA up 123.14 (+1%) to 12,076.11
-S&P 500 up 16.04 (+1.3%) to 1,287.87
-Nasdaq up 39.03 (+1.5%) to 2,678.72
Nikkei up 1.1%.
Hang Seng down 0.1%.
Shanghai Composite up 1.1%.
FTSE-100 up 0.6%.
(+) ERIC makes acquisition.
(+) YUII execs and directors to buy stock.
(+) NOK to settle AAPL patent litigation.
(+) AAPL gains on NOK news.
(+) BBY beats with earnings.
(+) F details European growth.
(+) DD confirms seed business view.
(+) SOLR opens new facility.
(+) GRM gets increased $25 per share offer, tops bid from Silgan.
(+) OMCL upgraded.
(+) MGM upgraded.
(-) CSCO downgraded but trading a touch higher.
(-) KMP selling shares.
(-) DTG down amid Avis Europe buy.
(-) PCRX down as FDA extends review of Exparel.
Major stock averages close in the upper end of the day's range in a rebound session. The Nasdaq leads with a 1.5% advance as Apple (AAPL) and Nokia (NOK) gain after a resolution to a patent issue. U.S. and global economic data were supportive factors. It's the best day in June for the broader market after a weak start to the month; the S&P's gain is its strongest since April 20.
In the latest economic news, US retail sales fell 0.2% last month to $387.1 billion according to the Commerce Department this morning. The data showed the first decline after 11 straight months of gains. But figures still topped economists' call for total sales to fall 0.7% in May, according to a MarketWatch. Without a 2.9% drop in motor vehicle sales, retail sales increased 0.3%.
Also, the US Labor Department reported wholesale prices rose 0.2% last month. That is the slowest clip in the last 10 months. Economists had predicted an increase of 0.1% for overall producer prices, MarketWatch reported.
In company news:
Shares of JC Penny (JCP) jumped after the Wall Street Journal noted that the retailer hired Ron Johnson, who runs Apple's (AAPL) retail stores, as its new president and, eventually, CEO. The reported cited people familiar with the situation.