The Late Edition
The market closed up 146.83 points to 11,190.69. The S&P 500 was up 12.43 to 1,175 and the Nasdaq rose 30.14 for a 2,546.83 close.
The VIX closed at 37.71, down 1.31.
Late afternoon stories
Option Block 93: Metal-Ocalypse Strikes Again From The Options Insider
How to Tell When a Commodity is Too Expensive or Too Cheap From The Options Insider
The recent retreat in the gold price could ultimately help to close thegap between the price of bullion and the value of gold equities, whichhave lagged the metalís price during its sharp rally on global growthfears this summer, says the chairman of gold-focused royalty companyFranco-Nevada Corp.
Gold Massacre Gives Gold Stocks Chance to Catch Up From Wall Street Journal
Research in Motion has dealt with declining BlackBerry sales and a weak roll-out of its Playbook tablet. And now, it may have to deal with Carl Icahn.
RIM Shares Jump Amid Rumors of Ichan Stake From The New York Times
The European Commissionis expected to unveil a detailed plan on Wednesday to create afinancial transaction tax, despite the opposition of several membercountries and a formal acknowledgement that it could have a significantnegative impact on the European Unionís gross domestic product.
Europe Readies Plan for Tax on Financial Transactions From The New York Times
The CBOE Volatility Index fell 7.89 percent to 35.94 as U.S. stock benchmarks rose more than two percent on hopes that European leaders will tackle the region's debt crisis.
Fears Calm Down, Options Risk Gauge Falls From XE.com
The advance that sent StarbucksCorp. (SBUX) up almost seven times as much as the Standard & Poorís 500Index in the last three years has pushed bearish bets in theoptions market to a 12-year high.
Starbucks Sevenfold Rally Over S&P 500 Sends Puts to 12-Year High: Options
From Bloomberg
Securities regulators on Tuesday proposed to lower thresholds forhalting all U.S. stock trading in the case of a market plunge, aftercurrent limits remained far out of reach during the May 2010 "flashcrash."
Regulators Hone Circuit-Breaker Proposals From Dow Jones
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