Stocks extended gains on Thursday even although a government report showed new home sales fell to a record low in January.
Bank shares were a standout following news the Obama administration may request money to shore up banks. Shares of Citigroup
The Dow Jones industrial average <.DJI> gained 61.09 points, or 0.84 percent, to 7,331.98. The Standard & Poor's 500 Index <.SPX> rose 7.29 points, or 0.95 percent, to 772.19. The Nasdaq Composite Index <.IXIC> added 4.12 points, or 0.29 percent, to 1,429.55.
(Editing by James Dalgleish)