Markets Extend Gains to Close Higher

Embracing a gain in consumer spending as a sign that the economy is on solid footing, investors lifted the markets to a higher close with the Dow rising 60 points to 11,054. Nasdaq jumped 33 points to 2,315 while S&P 500 climbed 11 points to 1,291. The 30-year bond slipped as the yield rose to 4.561%.