Italy's borrowing rates spiked to the highest level since the country adopted the euro. The country is considered to have too much debt to be rescued by its European neighbors, and faces a key budget vote tomorrow.
Home Depot gained 2.6%, to 37.34, and was one of the Dow leaders, after getting upgraded by analysts.
And UPS expects to deliver more than 120 million packages worldwide in the week before Christmas. That’s up 6.2% from the prior year's peak week.
Crude oil continued its bull run, closing at $95.52 a barrel on the New York Mercantile Exchange.
And gold closed 2% higher to $1,791 an ounce on worries about Italy and Greece.