FOX Business: The Power to Prosper

The broad S&P 500 jumped above the closely-eyed 1400 mark for the first time in more than three months, with energy and materials shares leading the way higher. 

Today's Markets

The Dow Jones Industrial Average rose 51.1 points, or 0.39%, to 13169, the S&P 500 gained 7.1 points, or 0.51%, to 1401 and the Nasdaq Composite climbed 26 points, or 0.87%, to 3016. 

The markets have now advanced for three days in a row, with the S&P 500 tacking on 2.7% in so many days. The index is now up more than 11% for the year. The best performers could be found in the energy, materials and industrial sector. However, the defensive plays like utilities and consumer staples ended the day in the red. 

With the economic calendar light, traders have been paying close attention to the eurozone debt crisis. 

European Central Bank Governing Council member Ardo Hansson told the Wall Street Journal that the central bank could make "substantial" purchases of sovereign debt of embattled countries.