Stocks finished th June in fine fashion

  NEW YORK (TheStreet) - U.S. stocks staged a rally Friday as investors applauded the huge advances in the last EU summit on concrete measures that reached to resolve the debt crisis in the region.

Hearing was unstable in a band of asset classes with gold jumped above $ 50 to $ 1,600 break per ounce, oil is a compelling pauses again above 80 dollars a barrel, strong sales of bonds and the dollar tumbling more than 1% compared to a basket of foreign currencies.

The Dow Jones industrial average rose nearly 278 points or 2.2% to close to 12 880. The blue chip index rose by 1.9% for the week ended June with a gain of nearly 4%. Despite a 2.5% decline in the second quarter, the Dow is now up 5.4% so far in 2012.

The S & P 500 rose 33 points or 2.5% in 1362 to terminate the right to its high for the day. The benchmark index rose by 2% for the week, putting up 4% for the month. Although the S & P 500 fell by 3.3% during the quarter, it will be appreciated by 8.3% since the beginning.

The Nasdaq rose 86 points or almost 3% to $ 2,935, logging its fourth straight weekly gain. The index booked a rise of 1.5% for the week and added 3.8% in June for the year, the Nasdaq has lost 12.7%, but 5% in the second quarter.

The three major averages managed to capture their first simultaneous gains in June since 2004. The Dow Jones closed 29 of the 30 components higher, led by Bank of America (BAC_), Boeing (BA_), Cisco (CSCO_), General Electric (GE_), Hewlett-Packard (HPQ_), Intel (INTC_), and United Technologies (UTX_), which won all of them more than 3%.

JPMorgan Chase (JPM_) was the only blue chip to close in negative territory. The bank's shares fell was nominally extending lower Thursday after a media report said losses in its credit derivatives reached a bad deal 9000000000 $.

All ten large-cap sectors advanced with the basic materials, capital goods, conglomerates, energy and synchronization technology in the strongest sectors of the show.

Gainers exceeded losers in a ratio of more than 6-in-1 on the NYSE and by more than 5 to 1 on Nasdaq.

The EU leaders agreed in the night to take action to reduce borrowing costs and Italy Spain and relax the rules for eavesdropping in emergency funds to stimulate the ailing banking system in Spanish. They also had a $ 149 billion plan for economic growth in the euro zone.

"Several things happened that should not simply refuse to be," said Dan Greenhaus, Chief Global Strategist at BTIG. But "as we have long said that the only" real ", where at the end of this crisis, certainly implies a EUR TARP (Troubled Asset Relief Program) program of style, we are again a little disappointed."

"The crucial question," said Marty Leclerc, chief investment officer at Advisors courtyard of the barracks, is that "The Europeans have not yet decided which ultimately means that living in Euro-land, and in this country as a union of € exist, policy makers need to find a way to imbalances that creates a union to be done. "

Jeffrey Sica, director of SICA Wealth Management said, this time, it maintains short positions in most U.S. stock indexes over concerns of dwindling stocks due to the interdependence between U.S. and European banks. However, "we will avoid the increased short positions in the U.S. stock market because of the likelihood that our central bank will use the promise of greater liquidity to stabilize share prices."