KBTX - Money - Headlines

Stocks Rise on Hopes of New Debt Plan in Europe

By: Associated Press
By: Associated Press

Stocks are edging higher on hopes that European leaders will come up with a new strategy to resolve the region's debt crisis.

Finance officials met in Washington this weekend and pledged to take bolder steps to fight the debt problems, which threaten to slow the global economy. They offered few specifics.

Leaders have talked about increasing the $595 billion European rescue fund by perhaps allowing it to take loans from the European Central Bank. Economists have also suggested that the central bank cut interest rates.

Shortly after the opening bell Monday, the Dow Jones industrial average is up 73 points, or 0.7 percent, at 10,844. The Standard & Poor's 500 is up 8, or 0.7 percent, at 1,145. The Nasdaq composite index is up 9, or 0.4 percent, at 2,493.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 130565208