Positive economic reports lead stocks to 126 point surge

A stream of good news sent the Dow Jones Industrial average 126.74 points higher as investors welcomed a number of positive economic reports and were satisfied that the debt crisis in Dubai would be contained.

The Dow Jones industrial average ($INDU) rose 1.23%, to 10,471.58. The Standard & Poor's 500 index ($INX) rose 13.23, or 1.21%, to 1,108.86, while the Nasdaq ($COMPX) composite index rose 31.21 or 1.46%, to 2,175.81.