Stocks are closing with their biggest gains in more than two weeks after European officials pledged to take bolder steps to fight the region's debt problems.
The finance ministers met in Washington this weekend. They
offered few specifics about their next moves, but markets are
sensitive to every piece of news coming out of the region.
The Dow Jones industrial average jumped 272 points, or 2.5
percent, to close at 11,044. It was the Dow's biggest gain since
The Standard & Poor's 500 rose 27, or 2.3 percent, to 1,163. The
Nasdaq composite rose 33, or 1.4 percent, to 2,517.
About three stocks rose for every one that fell on the New York
Stock Exchange. Trading volume was a bit heavier than average at
4.5 billion shares.
To comment, the following rules must be followed:
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 firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.