February 12, 2014 (Chinavestor) The Dow Jones Industrial Average (INDEXDJX:.DJI) surged 193 points or 1.2% on Tuesday closing just below the 16,000 mark. All but one component of the 30 member index advanced. Alcoa Inc. (NYSE:AA) led the surge with a 2.4% jump followed by Boeing Co. (NYSE:BA) and Johnson & Johnson (NYSE:JNJ).
The China ADR Index, measuring the performance of US listed Chinese stocks, jumped 2.1% to close at 695.17 points. CNOOC Ltd. (NYSE:CEO) led the advance among Chinese listing with a $10.8 jump followed by Petrochina Co. Ltd. (NYSE:PTR) and China Life Insurance (NYSE:LFC). Another oil industry giant, Sinopec (NYSE:SNP) rose $2.6 while internet giant Baidu Inc. (NASDAQ:BIDU) climbed $2.0.