Stocks soared on Monday following news that new international requirements on the amount of capital so-called “too-big-to-fail” banks need to keep on hand were less stringent than originally expected. On Tuesday, the Dow had its biggest gain in over two months as investors rejoiced over a potential resolution to Greece’s debt crisis. US home prices also rose for the first time in eight months. Stocks advanced once again on Wednesday, with Greece passing a controversial austerity measure as a first step to calm default concerns. On Thursday, the second quarter ended with a fourth consecutive win. Still, the markets took a sizeable hit this quarter, despite the recent rally. Friday kicked off the new quarter with another huge gain to finish the week five-for-five, with a very positive manufacturing sector report for June indicating a pick-up in economic activity.

It was a stand-out week for all the major indexes, with large gains registered across the board.

The U.S.financial markets will be closed Monday, July 4, 2011, in observance of Independence Day.

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