Mark Lasseigne tells you about a good day on Wall Street as investors latch on to glimmers of hope in headlines from Germany.

 
  • Dow Jones Industrial Average advanced 276 points to 11,415.
  • Stocks got a boost from overseas after Germany's top court ruled that the financial bailouts of Greece and other struggling euro members are legal.
    The German DAX index surged 4.1% and the Stoxx Europe 600 rose 3.1%. 
  • Today’s gains came despite the Federal Reserve's "Beige Book" report.  The report showed sluggish economic activity in most parts of the U.S., with some areas weakened considerably with a slowdown in manufacturing, and continued weak real estate.
  • The U.S. Energy Information Administration cut its price forecast for crude oil, citing sluggish economic growth.
    The EIA now expects $103 a barrel for crude in 2012. It left its 2011 estimate unchanged at $100 a barrel. 
  • Crude closed higher at $89.34 a barrel.
  • And gold settled at $1,818/ounce.
  • Mark Lasseigne