News Summary: S&P 500 closes above 1,400 points
News Summary: Standard & Poor's 500 index closes above 1,400 for the first time in 3 months
MILESTONES: The Standard & Poor's 500 index closed above 1,400 and the Nasdaq composite index closed above 3,000 for the first time since early May.
ENERGY HIGHER: Chesapeake Energy reported that its income doubled in the second quarter. Revenue from oil, natural gas and natural gas liquids rose. Chesapeake's stock soared $1.67 to $19.37, lifting other energy stocks with it, making energy the best performing sector in the S&P 500.
MORE JOBS: The Labor Department said U.S. employers posted the most job openings in four years in June, a positive sign that hiring may pick up. Layoffs also fell.
